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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ISA millionaires

The 32 investment trusts that would have made you £1,000,000.

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Meet the manager: Chris Tanner

Co-Lead Investment Manager of JLEN Environmental Assets.

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Keep those costs down

David Prosser explores how picking investment trusts for your ISA can lower the costs of investing.

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VCTs: deployment slows in challenging environment but holds up better than wider venture capital industry

See manager views on deal pipeline and significant investments in 2023.

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Investment companies for India

David Prosser on why it could be time for trusts investing in India to shine.

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Sailing into space

Ian Cowie explores the investment trusts with exposure to space tech.

VCTs: would Labour winning the next election make any difference to VCTs?

Andrew Bloxam, Ian McLennan and Nic Pillow on whether a Labour win in the next election would make a difference to VCTs.

VCTs: What economic and social benefits do VCTs provide?

Annabel Brodie-Smith asks managers what social and economic benefits VCTs provide.

VCTs: Which types of companies are you investing in now and why?

Fund managers from Foresight Group, Triple Point and Blackfinch on which companies they are investing in now and why.

VCTs: How is the trading environment for your portfolio companies?

A panel of VCT managers discuss the trading environment for their portfolio companies.

VCTs: how has VCT fundraising been in this challenging economic environment?

Annabel Brodie-Smith discusses VCT fundraising with Andrew Bloxam, Ian McLennan and Nic Pillow.

VCTs: market trends, opportunities and outlook

Comments from Foresight Group which manages the Foresight Technology VCT, Triple Point which manages Triple Point Venture VCT, and Blackfinch which manages Blackfinch Spring VCT.

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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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 […]
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RTW Biotech had a great 2023

RTW Biotech Opportunities had a great year in 2023, returning 23.5% in NAV terms and 16.0% in share price terms, both well ahead of the 10.6% return posted by the Russell 2000 Biotech index and even further ahead of the 3.7% return generated by the Nasdaq Biotech Index. Some highligts: During the year ended 31 […]
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VH Global buys Australian solar sites

VH Global Sustainable Energy Opportunities has agreed to acquire and build two fully-permitted solar PV sites with co-located battery energy storage systems in New South Wales, Australia for a total consideration of £16.9m. This investment is part of the Australian solar PV and storage investment programme that was announced on 2 August 2021. With this […]
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Schroder Capital Global Innovation encouraged by positive Q4 move

Schroder Capital Global Innovation reports an 11.2% fall in its NAV over 2023, but is encouraged by the positive NAV move in the final quarter of the year. The share price fell by 5.3% as the discount narrowed, helped by buying back 45.1m shares. The negative performance during the first three quarters of the year […]

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.

Cohen & Steers Capital Management - Form 8.3 - Tritax Big Box REIT plc

28/03/2024 - 13:10

Tritax Big Box REIT

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Form 8.3 - Tritax Big Box REIT plc

28/03/2024 - 14:10

State Street Global Advisors

Read more

Form 8.3 - UK Commercial Property REIT Ltd plc

28/03/2024 - 14:10

State Street Global Advisors

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Issue of Convertible Loan Notes

28/03/2024 - 14:00

SuperSeed Capital Limited

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Form 8.3 - Custodian Property Income REIT plc

28/03/2024 - 13:50

State Street Global Advisors

Read more

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.