Compass: The AIC's monthly newsletter

This month in Compass, Ian Cowie explains what a new PM means to investors, managers reflect on the impact of the Brexit vote and we search for the next mega-IPOs.

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Family-backed investment trusts: “come along for the ride”

Accountability, shareholder alignment and long-term approach seen as key benefits.

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The unimaginable power of reinvestment

David Prosser on the wonder that is compound interest, and why it matters to your investments.

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Director talk: John Newlands

John is chair of Develop North and a director of Gabelli Merchant Partners and CQS New City High Yield Fund.

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Investment Trust Update | July 2026

Discover the latest in trust performance, from Polar Capital Technologys stellar AI-driven returns to Monks annual results. This update covers Bankers leadership t...

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“Save our stock market”: AIC calls for urgent action to halt London market’s demise

Abolishing stamp duty and increasing support for small businesses is vital.

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AIC welcomes reform of UK AIFM rules

Size threshold changes and tailored rules for investment companies will reduce unnecessary compliance burdens.

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Investment trust H1 2026 review

Fundraising more than doubles to £575 million in first half of year.

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Look through the noise and see the benefits of investment trusts

David Prosser explains the natural advantages that investment trusts have over other types of fund.

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Meet the manager: Rhys Davies

Manager of Invesco Bond Income Plus.

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AIC updates flagship training programme

Nearly 400 have completed Investment Company Accreditation.

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Fantasy fund manager: portfolios struggle in a volatile month for markets

All but one of our contestants is showing a healthy profit halfway through the competition.

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Investment trusts that offer shelter from an AI meltdown

UK trusts and capital protection specialists among recommendations.

Thematic research

Third-party thematic research on investment companies can be found below.

The changing of the guard

14 July 2026

A World Cup style review

14 July 2026

Full moon rising

2 July 2026

Myths and legends in investment trust M&A.

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AIRE urges shareholders to reject Glenstone’s discounted cash offer

Alternative Income REIT (AIRE) has urged shareholders to reject Glenstone REIT’s cash offer, arguing that it materially undervalues the company and could leave minority investors trapped in an illiquid, unlisted vehicle. Glenstone has offered 71.4p per AIRE share, but AIRE’s board says the headline figure overstates the value being offered. Should AIRE declare a fourth […]
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Morning briefing: Brunner delivers positive return but trails AI-driven market, Saba targets Unite Group

Brunner Investment Trust (BUT) generated a net asset value (NAV) total return of 5.6% over the six months to 31 May 2026, compared with 12.0% from its 70% FTSE World ex UK/30% FTSE All-Share benchmark. A modest narrowing of the discount lifted the share price total return to 8.1%. The managers attributed the relative shortfall […]
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Baker Steel and Allianz Tech hit top ratings after strong run

Trevor Steel and Mark Burridge were awarded AAA rankings after a strong first half of the year, while AI drove high returns for Mike Seidenberg

Finsbury Growth & Income’s AI anxiety attack

In the second quarter, the investment trust posted a total return of 2.6 per cent, lagging the FTSE All-Share index’s 4.7 per cent gain. For June alone, its net asset value fell 0.9 per cent and the share price 1.1 per cent while the benchmark rose 0.7 per cent.
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Trust results round-up: TFIF, Polar Cap Financial, Schroder British Opps, BGUK, Taylor Maritime

We summarise results from five trusts, from bond to shipping fleets.

Baker Steel Resources Trust

21 July 2026

NAV TR of c 15% in H126 despite markdowns.

Monks

16 July 2026

Global growth wider a wider lens.

Real Estate Credit Investments

13 July 2026

FY’26 results: High yield, clear path to dividend cover.

BH Macro

9 July 2026

BHMG’s role as a portfolio diversifier looks increasingly relevant in today's markets.


 

Hansa Investment Company

9 July 2026

Hansa’s wide discount arguably doesn’t reflect the transformative year and positive outlook.

Transaction in Own Shares

20/07/2026 - 18:22

Foresight Solar Fund

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Holding(s) in Company

20/07/2026 - 18:18

Ashoka WhiteOak Emerging Markets

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Transaction in Own Shares

20/07/2026 - 18:00

BlackRock Smaller Companies

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FTSE Russell Index Changes

20/07/2026 - 18:00

Residential Secure Income REIT

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Transaction in Own Shares

20/07/2026 - 17:25

Finsbury Growth & Income Trust

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Glossary

What does that word mean? Find your way around investment trust jargon.

Research tools

Find and compare investment companies and trusts, or look up a company you're interested in.

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.