Decision of US regulators to heavily fine Elon Musk but not banish him from board of Tesla is victory for shareholders in electric car company, according to Walter Price of Allianz Technology Trust.
Peter Hewitt, manager of the F&C Portfolio Growth and Portfolio Income trusts, bought 5% of Mobius investment trust in its £100 million flotation last week.
Robin Boyle, the long-serving manager of the Athelney Trust, a tiny UK smaller companies investment trust, says he has quit after a disagreement with its board.
Buying stakes in under-loved investment trusts and closed-end funds was the speciality of Lazard World Trust but ironically its own shareholders fell out out of love with the discount hunter and have voted to end its 27-year tenure.
UK equity income trust Merchants piled into Imperial Brands after fund manager Simon Gergel bet its ‘next-gen’ vaping and heated tobacco products would light up its prospects.
Templeton Emerging Markets manager Chetan Sehgal dismisses threat from Mark Mobius’ rival investment trust, saying he has more people on the ground.
Trian Investors launches on London Stock Exchange with remit to find poorly performing cap company to turn around.
Long-lease real estate investment trust launched last year aims to lift assets by nearly 50% with Spanish banking multi-millionaire Ram Bhavnani backing a share issue to UK investors.
Investors attracted to the inflation-linked 5-6% yields offered by the three social housing investment trusts need to beware the ‘potential risks’, Numis Securities warns.
Emerging market veteran Mark Mobius is confident his timing is good and enough investors will back his crack team of fund managers in launching his new investment trust.