Investment trusts Financial News

02.11 / 12:53

Investment trusts Fundsmith Equity Platforms Interactive Investor Scottish Mortgage fundsmith Income funds knock Scottish Mortgage and Fundsmith Equity off most bought spots

Kyle Caldwell, collectives editor at interactive investor, said the change was part of a wider trend of growth strategies losing out to income strategies in the popularity stakes.

02.11 / 10:57

Investment trusts AIC buyback programme Schiehallion launches $20m buyback programme

The trust said its board and investment manager, Baillie Gifford, are focused on “maximising returns” for shareholders.

01.11 / 11:37

Investment trusts RUMS solar project Asian Energy Impact transitional manager begins due diligence on RUMS project

Octopus said the net present value of the RUMS project is 'materially more negative' than the estimate, in the base case scenario, of £13m.

01.11 / 08:47

Investment trusts Square Mile Investment Trust Time Square Mile includes investment trusts in Academy of Funds for the first time

Square Mile has assessed investment trusts in the past as part of its consultancy process, but this is the first time this side of its research has been made publicly available.

01.11 / 08:26

Investment trusts share buybacks buyback programme India Capital Growth issues share buyback programme of up to £5m

The programme will take place from today until 29 December 2023, unless ICG decides to terminate the scheme earlier, the trust said.

31.10 / 11:35

London Stock Exchange Investment trusts TLEI ThomasLloyd Energy Impact drops ThomasLoyd from name

Last month, the trust said it would be ending its investment management relationship with ThomasLloyd Global Asset Management, three years earlier than scheduled.

31.10 / 09:41

Investment trusts Investment Trust US Solar fund unveils revised investment policy

The amendments to the strategy include allowing investment into «development stage assets» which the board said would allow for «greater diversification» and enable «future accretive growth» opportunities for the fund.

30.10 / 13:13

UK Investment trusts People moves AssetCo Princess Private Equity appoints Peter McKellar as chair

McKellar is the former global head of private markets at Standard Life Aberdeen, where he was CIO and also led the private equity and infrastructure business.

30.10 / 13:13

Investment trusts Jupiter Numis Investment Trust Chrysalis posts 'solid' trading update as holdings appear 'IPO ready'

(L-R) Co-managers of Chrysalis Richard Watts and Nick Williamson

30.10 / 08:45

goldman sachs Investment trusts strategic review Verne Global Digital 9 Infrastructure Digital 9 Infrastructure shareholder calls for strategic review by 3 November

The shareholder said that if a strategic review is not initiated by 3 November, an EGM to remove and replace the board's directors will be requisitioned.

30.10 / 08:45

US Abrdn Investment trusts Specialist end abrdn completes acquisition of US specialist healthcare closed-end funds

Stephen Bird, CEO of abrdn

27.10 / 13:23

Investment trusts AIC Numis Andrew Rees Investment Trust Verne Global Digital 9 Infrastructure Digital 9 Infrastructure weighs divestment from crown jewel Verne Global

The trust's board said it had received 'indicative offers from interested parties' working to secure a majority stake in Verne Global.

27.10 / 12:25

Investment trusts AIC Numis Andrew Rees Investment Trust Verne Global Digital 9 Infrastructure Digital 9 Infrastructure weighs divestment from Verne Global

The trust's board said it had received 'indicative offers from interested parties' working to secure a majority stake in Verne Global.

26.10 / 14:45

Investment trusts funds European Opportunities Saba Capital Saba Capital eyes $500m for activist UK investment trust fund

Over the past 12 to 18 months, the firm has been taking positions in multiple UK investment trusts, including European Opportunities, Henderson Opportunities and Schroder UK Mid Cap.

26.10 / 14:01

bonds ESG Investment trusts Unit trusts/OEICs Evelyn Partners MPs Evelyn Partners sustainable MPS sells out of Impax trust amid discount to NAV

As part of the rebalancing exercise, the sustainable MPS team also added to its positions in Baillie Gifford Responsible Global Equity Income and Federated Hermes Sustainable Global Equity.

26.10 / 14:01

Investment trusts continuation vote song Hipgnosis Songs Andrew Sutch Hipgnosis catalogue sale cancelled as shareholders vote against continuation

The outcome follows the resignation of directors Andrew Wilkinson and Paul Burger on Wednesday (25 October). Chair Andrew Sutch is due to step down next year.

26.10 / 14:01

Investment trusts Merger New Dawn Asia Dragon shareholders greenlight abrdn New Dawn merger

Investors are expected to benefit from a range of impacts, including greater economies of scale and an enhanced profile as a result of the increased size.

26.10 / 14:01

ESG Investment trusts ESG funds Nav share buybacks dividend Greencoat UK Wind boosts annual dividend and launches £100m buyback scheme

The board also decided to pay 3.34p per share dividend for the last quarter of 2023, bringing the full year dividend target to 10p per share.

26.10 / 14:01

Investment trusts AGM Andrew Sutch Hipgnosis Two Hipgnosis directors resign ahead of AGM

The two directors had been targeted by activist investor Metage Capital, which last week published an open letter calling for a 'clean break' in the trust through the departure of senior leadership.

25.10 / 07:47

Target Investment trusts NB Global Monthly Income details fifth compulsory redemption in wind-up process

So far, the total redemptions reflected the realisation of a total value of £120.4m of the portfolio’s original assets.

25.10 / 07:47

Investment trusts continuation vote wind-up Crystal Amber reinstates management fee post-2023 as wind-up continues

The first formal fee review will be made in line with the half year financial results due in March 2024 and at “regular intervals thereafter”.

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