Continuation of ‘Red October’ stock market losses would make Lindsell Train’s highly rated share price vulnerable, warns chairman of top-performing investment trust.
Ollie Beckett, manager of former top-performing smaller companies trust, claims there is ‘no great need’ for share buybacks after de-rating of stock leaves shareholders nursing 29% loss this year.
New investment trust chaired by Tony Roper, former fund manager of HICL Infrastructure, offers 7-8% annual returns from helping companies lower energy bills and become more sustainable.
Two investment trusts call it a day with sub-scale global trust Establishment recommending investors vote to wind up the company and litigation fund Juridica Investments a step ahead as it goes into liquidation.
Andrew Graham, manager of Martin Currie Asia Unconstrained, given a co-manager to help him improve performance at £125 million investment trust.
Strong-performing Japan trust turns to controversial practice of lending some of the shares in its portfolio as it strives keep down costs.
Tax savings from switching to a real estate investment trust could see relatively low-yielding but top-performing Picton Property increase quarterly payouts to investors.
Edinburgh investment trust narrowly beats the FTSE All-Share in its half-year results prompting its chairman to reiterate support for the under-pressure fund manager.
Fund managers Tim Stevenson and Jamie Ross cull their holdings after weeding out under-pressure businesses but remain confident of opportunities in a cheap European market.
Hamish Baillie, lead manager of defensive Ruffer Investment Company (RICA), warns of further market turbulence as global monetary tightening continues.