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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UK smaller companies: “the prevailing, extremely negative positioning and sentiment only enhances the opportunity”

The AIC UK Smaller Companies sector has a history of strong performance following economic and market downturns.

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Takeover time?

David Prosser explores how mergers and acquisitions of investment companies could prove exciting for investors.

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Winners of the Shareholder Communication Awards 2023

The Association of Investment Companies (AIC) has announced the winners of its Shareholder Communication Awards 2023.

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Winners of the AIC Media Awards 2023

The Association of Investment Companies (AIC) has announced the winners of the AIC Media Awards 2023.

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A one-stop shop for diversification

David Prosser explores how investment companies in the AIC’s Flexible Investment sector can simplify the process of diversifying your portfolio.

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interactive investor wins AIC Shareholder Engagement Award for the third year in a row

interactive investor has been recognised for its initiatives to empower investment company shareholders, winning the AIC Shareholder Engagement Award 2023.

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AIC to host second investment company showcase with guest speaker Nick Robinson

The Association of Investment Companies (AIC) will hold the next Investment Company Showcase on Friday 20 October 2023.

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Gearing up for growth

David Prosser explores how investment companies’ borrowing can boost returns for investors.

How Space Will Change Your World | Seraphim Space Investment Trust

Find out how space technology has the potential to transform and improve life on Earth.

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A quick swap for extra value?

David Prosser explains the benefits of switching from open-ended funds to their investment company counterparts.

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In praise of share buybacks

David Prosser explores how boards are turning to share buybacks to address wide discounts.

Venture Capital: Downside Protection and Portfolio Resilience

Molten Ventures, Augmentum Fintech and Seraphim Space debunk common myths about VC investments and discover how they differ from listed equities.

Thematic research

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

Seoul searching

28 March 2024

South Korea is looking to to tackle its ‘discount’ versus other Asian countries by introducing governance reforms, very similar to Japan's.

Investment company liquidity – steady as she goes, but could be better

19 March 2024

A review of investment company liquidity in London since 2016.

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.

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QD view – What goes down must come up?

The UK has become a bit of punching bag in recent times, stumbling from one crisis to another while presiding over an economy stuck in neutral. In many respects, it’s of little surprise its benchmark index has trailed the MSCI All Countries World index by almost 50% over the last five years. Of late, stubborn […]
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Baillie Gifford Shin Nippon offers 15% tender if slump continues

Increasing investor activism in Japan has upped the flight from small high-tech growth stocks, argues the trust, as it offers a 15% exit if performance doesn't improve by 2027.
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Londonmetric says it won’t bid for UK Commercial Property

The coast seems increasingly clear for Tritax Big Box to clinch a merger with Abrdn stablemate UK Commercial Property after Londonmetric rules out making a counter bid.
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Hipgnosis Songs: Fund manager fell ‘below music industry standards’

Shares in royalties fund leap as due diligence report accuses Hipgnosis Song Management of multiple failings and board says it will decide the company's future in a month.
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Newly enlarged Henderson High Income beats benchmark over 2023

Henderson High Income says its NAV total return for 2023 was +9.8% compared with the benchmark return of +8.1%, an outperformance of +1.7%. Unfortunately, the emergence of a discount meant that the share price total return was +0.9%, with the share price ending the year at a discount to NAV of 7.7% having started 2023 […]

Oakley Capital Investments

28 March 2024

Oakley Capital Investments – executive interview

Allianz Technology

27 March 2024

ATT offers significantly discounted exposure to the technology sector. 

Greencoat UK Wind

25 March 2024

 Acquisitions generating more green

Witan Investment Trust

22 March 2024

QuotedData's Weekly News & Interview.

Henderson EuroTrust

22 March 2024

Proposed merger with Henderson European Focus Trust.

BlackRock Sustainable American Income Trust Plc - Transaction in Own Shares

28/03/2024 - 18:50

BlackRock Sustainable American Income

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Holding(s) in Company

28/03/2024 - 19:30

Aquila European Renewables PLC

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BlackRock Throgmorton Trust Plc - Transaction in Own Shares

28/03/2024 - 18:30

BlackRock Throgmorton Trust

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BlackRock Smaller Companies Trust Plc - Transaction in Own Shares

28/03/2024 - 18:30

BlackRock Smaller Companies

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Holding(s) in Company

28/03/2024 - 19:10

European Smaller Companies Tst PLC

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Glossary

Familiarise yourself with industry terminology.

Research tools

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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.