Compass: The AIC’s monthly newsletter

This month in Compass, it’s all about elections. Ian Cowie crosses the pond, biotech managers talk US politics and we examine how UK trusts fared under different governments.

Latest articles, press releases and videos

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Lessons from recessions

How investment companies performed in the last three UK economic downturns.

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New report shows why government is right to back venture capital trusts

VCTs have made over 1,000 investments into 530 companies in the past five years

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Why you shouldn’t be distracted by discounts

David Prosser explains why widening investment company discounts should not sound the alarm for investors.

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AIC to host first investment company showcase

Book your place via the AIC’s website using promotional code SHOWCASE22.

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Mini-budget: Investment companies perfectly positioned to support growth drive

The Association of Investment Companies has responded to the Chancellor’s mini-budget.

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Mini-budget: AIC welcomes vote of confidence in VCTs

We warmly welcome the Chancellor’s announcement in his mini-budget that VCTs will be extended beyond 2025.

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Winners of the AIC Media Awards 2022

The awards recognise the journalists who have best educated private investors and financial advisers about investment companies.

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interactive investor wins AIC Shareholder Engagement Award for the second year running

Judged by the lang cat.

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Why Japan is a bright spot in a gloomy global outlook

Nicholas Price, portfolio manager of Fidelity Japan Trust, outlines the opportunities he is currently finding in the under-appreciated Japanese stock market.

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Recession lessons

Ian Cowie shares his wisdom on investing in a downturn.

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Strong demand for investment companies in Q2 despite market turbulence

Purchases for first half of 2022 hit £700m, the highest ever for a six-month period.

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Beating the energy crisis

David Prosser looks at the opportunities for investors to secure handsome returns as the UK shifts to zero carbon energy sources.

Thematic research

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

Pretty, pretty, pretty good

17 August 2024

Do investment trusts really protect capital and income against inflation? Lets take a look...

Micro-managing

11 April 2024

What opportunities exist in the smallest part of the UK market?

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.

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Riverstone’s green debt fund too small to carry on

Ahead of a five-year exit opportunity for investors, board of £77m Riverstone Credit Opportunities Income decides to wind down and return capital to investors.
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Bidding war for Hipgnosis steps up a notch

In a further development to the recent offers by Concord Chorus Limited and Blackstone Europe for the assets of Hipgnosis’s (SONG) over the past week ( discussed here, and here), Concord Chorus Limited has announced that it has reached agreement on the terms of an increased cash offer. This is at an increased price of […]
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Concord Chorus calls Blackstone’s bluff and lifts Hipgnosis bid

The US music rights group defies the threat of legal action by Blackstone and ups its cash offer for Hipgnosis Songs to $1.25 a share, valuing the company at $1.51bn.
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Boussard & Gavaudan heads towards wind down

Boussard & Gavaudan Holding (BGHL) announced its annual results for the 12 month period to 31 December 2023.  The NAV for the Euro shares decreased by 0.79% and the Sterling shares increased by 0.57%, whilst the market price of BGHL’s Euro shares increased by 13.51% and the market price of the Sterling shares increased by […]
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Challenging year for GABI as wind down looms

GCP Asset Backed Income Fund (GABI) announced its annual report for the year end 31 December 2023. The company delivered a NAV total return of 5%, although the share price total return was -14.1%, leading to a large increase in the discount which now sits at 27%. The company did announce profits of £18.3 million […]

Henderson Far East Income

25 April 2024

Repositioning to raise total returns

Seraphim Space

24 April 2024

Vantage: Seraphim Space’s Mark Boggett on a booming space economy and a maturing portfolio 

International Public Partnerships

24 April 2024

Consistently and responsibly delivering.

HydrogenOne Capital Growth

23 April 2024

Update from QuotedData

JPMorgan Global Emerging Markets Income

23 April 2024

JEMI is benefiting from improving corporate governance and a burgeoning dividend culture in emerging markets.

BlackRock Smaller Companies Trust Plc - Holding(s) in Company

25/04/2024 - 17:20

BlackRock Smaller Companies

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Fidelity Japan Trust Plc - Transaction in Own Shares

25/04/2024 - 17:20

Fidelity Japan Trust

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Mid Wynd International Investment Trust Plc - Transaction in Own Shares

25/04/2024 - 17:20

Mid Wynd International

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Capital Gearing Trust Plc - Transaction in Own Shares

25/04/2024 - 17:10

Capital Gearing Trust

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Finsbury Growth & Income Trust Plc - Transaction in Own Shares

25/04/2024 - 17:10

Finsbury Growth & Income 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.