James Carthew: Smithson and GSCT look sensible options
Investors might be shunning small companies in favour of liquid mega caps but two global smaller cap trusts have been quietley delivering decent returns in the past year.
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James Carthew: Sensible options in global small caps
Investors might be shunning small caps in favour of liquid mega caps but two global smaller companies trusts have been delivering decent returns.
‘Big scope’ for Mexico and Brazil revival, says Fidelity’s Tennant
Nick Price and Chris Tennant have bet on Mexico and Brazil receiving an economic stimulus from US interest rate cuts, as they look to catch up with their global EM peers.
INPP reassures investors amid Thames Water crisis
Tideway is a separate company from troubled Thames Water, says International Public Partnerships.
Large shareholders push through Civitas sale in 'disappointing' move
QuotedData's James Carthew brands sale of Civitas Social Housing at 27% discount 'extremely disappointing' and questions how many other unloved trusts might follow.
Cordiant Digital a ‘buy’ after strong results
The derated trust trades at a 30.2% discount to NAV, which appears harsh given the strength of its balance sheet, healthy dividend cover and strong cash-generating portfolio.
Princess discontent comes to a head as two directors bow out
Two Princess Private Equity directors step down the day before the AGM where shareholders expressed displeasure about the performance of the fund.
abrdn New India eyes unlisted companies
The board proposed a limit of 10% of net asset value to be invested in Indian companies close to IPO, according to annual results, in which the trust underperformed its benchmark.
Sequoia debt fund rides floating rates to 10% higher dividend as shares slide
Rising income from floating rate loans has allowed the infrastructure debt investor to return more to shareholders, who are nevertheless nursing hefty paper losses.
Ecofin US Renewables halves dividend after tornado damage
Smallest UK-listed renewables fund forced to slash dividend after operational issues at tornado-hit wind farm.
Syncona regroups as write-down takes its toll
The life sciences investment trust is refocusing on later-stage assets after its investment in gene therapy company SwanBio was nearly halved in a difficult biotech market.
Templeton EM bounces back to bring confidence ahead of continuation vote
After poor performance last year brought five-year returns below the benchmark, China’s reopening and strong stock selection have resulted in the emerging markets trust rebounding ahead of a July 2024 continuation vote.
