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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Lessons from an investment genius

David Prosser pays tribute to Charlie Munger.

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Meet the manager: Dale Nicholls

Portfolio Manager of Fidelity China Special Situations.

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FCA has made a start on tackling cost disclosure issue, but much more to be done

The Association of Investment Companies (AIC) has commented on today’s statement from the Financial Conduct Authority (FCA) on the issue of cost disclosures.

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AIC welcomes FCA anti-greenwashing measures and labelling regime

The Association of Investment Companies (AIC) has commented on the new package of measures from the FCA to tackle greenwashing and help investors identify sustainability-focused funds.

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A Christmas present that lasts: saving for children with investment companies

Investing for your child could grow into a nest egg and make a big financial difference for a young person in the future.

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The big buyback

David Prosser on why investment companies buy back their own shares.

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Autumn Statement: AIC applauds action on investment company cost disclosure

AIC welcomes the government’s announcement that powers will be handed to the Financial Conduct Authority (FCA) to resolve the issues with investment company cost disclosures.

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Autumn Statement: AIC welcomes government’s promise to extend VCT sunset clause to 2035

The Chancellor has committed to extending VCTs’ sunset clause to 2035.

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Time for a shift of gear?

David Prosser explores how investment companies’ ability to borrow money can help investors reap greater returns.

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AIC welcomes Ros Altmann’s private members’ bill on costs

The AIC has welcomed Baroness Ros Altmann’s intervention in the debate about the disclosure of investment company costs.

Kerb appeal: What's your view on the discount of your trust?

Annabel Brodie-Smith asks Richard Shepherd-Cross and Bjorn Hobart for their thoughts on the discounts on their trusts.

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Hold your nerve

Deep discounts are no reason to throw in the towel, writes David Prosser.

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

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.