Compass: The AIC's monthly newsletter

This month in Compass, trust managers explain the continued demand for oil and gas, Ian Cowie makes the case for bonds, and we look at why global emerging markets are flying.

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Fantasy fund manager: markets power through Iran woes

Contestants score impressive gains as big tech overcomes war worries.

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Why renewable energy trusts could be due for a rebound

David Prosser says recent events have boosted the investment case for renewable energy infrastructure.

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AIC responds to Herald announcement

"This is a successful outcome for shareholders."

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Join the space race with investment trusts

Invest in “the systems that will anchor security, resilience, and intelligence for decades to come”.

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Director talk: Lucy Costa Duarte

Lucy is a director of Allianz Technology Trust, Fidelity Asian Values and MIGO Opportunities Trust.

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Don’t sell in May — even if you go away!

David Prosser explains that there’s a grain of truth in the old adage.

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Hamish Buchan

The AIC has issued a statement following the recent death of Hamish Buchan, a leading investment trust analyst, a much respected investment trust director and former chair of the AIC.

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Stress Tested: Rethinking Investment Trusts in a Turbulent Market | Investment Trust Edge

Volatility is stress-testing investment trusts. Experts reveals which strategies endure and where risks hide. See how boards are evolving through smarter capital allocati...

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AIC responds to Edinburgh Worldwide announcement

The AIC reacts to the news that the three directors nominated by Saba Capital will be appointed today.

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Common sense prevails as government amends Pensions Schemes Bill to include investment companies

This means that pension schemes will now be able to use investment companies to meet any requirement to invest in private assets.

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77% of investment trusts outperform sister funds over ten years

New research points to structural advantages of trusts over funds.

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Give yourself a chance to beat the market

David Prosser on the potential benefits of active management.

Thematic research

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

Siren song

20 May 2026

Long-term cash holdings may cost investors more than they think, but investment trusts offer a compelling alternative through strong dividend growth potential.

No country for old energy

8 May 2026

As the energy mix evolves, renewables look increasingly attractive, despite market scepticism.

A shot in the arm

8 May 2026

Pension fund cash could be a boon for the sector.

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Baillie Gifford trusts up SpaceX valuation again before IPO

Its new estimate is likely to be around $1.6tn – below the rocket company's own $1.75tn target but far above Morningstar's $780bn forecast.
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PPET at 25: waiting for the exits to reopen

This week, I attended a capital markets event at the London Stock Exchange to celebrate the 25th anniversary of Patria Private Equity Trust (PPET). For those less familiar with it, PPET aims to deliver long-term total returns by giving shareholders access to a diversified portfolio of private equity-backed companies, most of which are focused on […]

Smaller companies: the secret of South Korea’s success

A wealth of data from multiple nations and regions shows smaller companies are often key drivers of a market’s long-term performance.
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Three top investment trusts for Japan

Despite the Japanese market’s ascent to historic highs, the case for investing in this fascinating Asian nation remains compelling. The Japanese market is home to many high quality companies trading on cheap valuations.
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Baillie Gifford lifts SpaceX valuation to $1.6trn, raising Scottish Mortgage Trust’s stake to 21% or £3.5bn

Baillie Gifford investment trusts have raised their valuation of SpaceX for a third time in six months with its flagship Scottish Mortgage (SMT) now holding a highly concentrated 21% position in the Elon Musk’s rocket, satellite and artificial intelligence (AI) group seeking a record $1.78tn (£1.3trn) flotation next week. Scottish Mortgage Trust and stablemates Schiehallion […]

Alliance Witan

4 June 2026

ALW offers plenty of latent value that the market has yet to recognise.

JPMorgan American

3 June 2026

JAM is well positioned to benefit from a broadening of market returns.

Patria Private Equity

3 June 2026

Key takeaways from the 2026 CMD.

Finsbury Growth & Income Trust

3 June 2026

Strong support for former top-rated trust.

CC Japan Income & Growth Trust

2 June 2026

CCJI’s outperformed the TOPIX since inception, with a decade of consecutive dividend growth in sight.

Transaction in Own Shares

05/06/2026 - 17:53

BlackRock Smaller Companies

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Director/PDMR Shareholding - Durhager

05/06/2026 - 17:52

UIL

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Tender Pool Update

05/06/2026 - 17:41

BlackRock Smaller Companies

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Transaction in Own Shares

05/06/2026 - 17:35

BlackRock Energy and Resources Income

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Transaction in Own Shares

05/06/2026 - 17:33

Polar Capital Technology

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Glossary

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

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