Compass: The AIC’s monthly newsletter

This month in Compass, Ian Cowie goes on a hunt for ISA millionaire trusts and Faith Glasgow investigates what mergers mean for investors.

Latest articles, press releases and videos

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Biotechnology & Healthcare: a sector on the mend?

What’s the prognosis for biotech and healthcare companies? How will the US election impact the sector, and could we see a recovery later this year?

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Where to find high income with consistency

David Prosser on the dividend hero investment trusts.

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Top performing investment trust ISAs over the last 25 years

18 trusts returned over £100,000 from a one-off £7,000 investment.

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Meet the manager: Linda Lin

Co-Manager of Baillie Gifford China Growth.

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Dividend heroes

Ten investment trusts have raised dividends for 50+ years.

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The changing face of investment trusts

How the industry has changed since 1999.

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Better times ahead for UK plc?

David Prosser explores opportunities for investors in small- and mid-cap stocks.

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Merger magic

Faith Glasgow on investment trust mergers and what they mean for investors.

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Spring Budget 2024: all UK-listed companies should be eligible for the UK ISA

The AIC has commented on the proposed introduction of a UK ISA.

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Why is fund management still a man's world when 41% of investment trust directors are women?

12% of fund managers are women.

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Who wants to be an ISA millionaire?

Ian Cowie dives into the investment trusts that would have made you over £1,000,000.

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Is biotech back?

David Prosser asks whether the drug discovery sector might be on the road to recovery.

Thematic research

Third-party thematic research on investment companies can be found below.

Listed private equity – Performing a balancing act

6 March 2024

UK-listed private equity investment companies maintained strong NAV total returns (TR) over the last five and 10 years of c 14% per year on average, despite recent monetary tightening and other macro headwinds

Range anxiety

7 February 2024

We look at what context we can gain from ten years of discount analysis.

2023 was an annus horribilis for Infrastructure and Renewable Energy

1 February 2024

The focus of Hardman & Co Research is on the nine quoted Infrastructure Investment Companies (IICs) and on the 22 Renewable Energy Infrastructure Funds (REIFs).

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Great British trusts in ‘jeopardy’ from misapplied EU rules

Over one hundred investment company managers and directors demand chancellor remove their sector from EU legislation they say is causing a damaging flight of capital.
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British trusts in ‘jeopardy’ from misapplied EU rules

More than 100 investment company managers and directors demand that the chancellor remove their sector from EU legislation due to a damaging flight of capital.
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SONG’s woes compound thanks to double counting by adviser

The board of Hipgnosis Songs Fund (SONG) has reported an error made due to the double counting of accrued revenue in the calculation of operative NAV by Hipgnosis Song Management Limited, the trust’s adviser. This error results in a 7.6% reduction in the pro forma operative NAV per ordinary share from $1.1657 (92.08p) as stated […]
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Ruffer CIO buys £5.3m shares in struggling flagship fund

Ruffer chief investment officer Henry Maxey becomes 0.5% shareholder in Ruffer Investment Company to show conviction in multi-asset fund after its disappointing performance last year.
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Witan falls just shy of its benchmark, thanks to its renewable investing

Witan Investment Trust (WTAN) has released its annual results for the 12 months ending 31 December 2023. WTAN reported a NAV total return of 12.7% and share price total return of 10.1% for the 12 months, compared to the 14.7% return of its benchmark, the MSCI ACWI index. WTAN’s core portfolio managers (c.75% of WTAN’s […]

Foresight Solar Fund

14 March 2024

Optimising capital allocation.

NextEnergy Solar

11 March 2024

Update from QuotedData

Aquila European Renewables

11 March 2024

Update from QuotedData

Seraphim Space

8 March 2024

Seraphim Space Investment Trust - Equity proposition.

abrdn UK Smaller Companies Growth

8 March 2024

Relative performance getting back on track

BlackRock Smaller Companies Trust Plc - Transaction in Own Shares

18/03/2024 - 18:50

BlackRock Smaller Companies

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Tetragon Financial Group Ltd - Tetragon Financial Group Limited U.S. Shareholders Tax Reporting Information

18/03/2024 - 18:40

Tetragon Financial Group

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BlackRock Greater Europe Investment Trust Plc - Transaction in Own Shares

18/03/2024 - 18:20

BlackRock Greater Europe

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Transaction in Own Shares

18/03/2024 - 19:10

Bankers Investment Trust PLC

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BlackRock Throgmorton Trust Plc - Transaction in Own Shares

18/03/2024 - 18:10

BlackRock Throgmorton Trust

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Glossary

Familiarise yourself with industry terminology.

Research tools

Access information on your chosen investment companies, or find and compare companies using our screening and monitoring tools.

Invest & engage

Browse a list of platforms that allow you to buy and hold investment companies. Discover how to have your say on how your investment company is run.