Compass: The AIC's monthly newsletter

This month in Compass, our managers celebrate the renaissance of Japan and Ian Cowie goes fishing for minnows.

Latest articles, press releases and videos

Search by topic
Image

Bargain hunting with micro cap trusts

David Prosser focuses his microscope on the trusts that invest in the very smallest companies.

Asset TV Image

Investment Trust Edge | A Changing Investor Landscape

Can closed end funds maintain their popularity with investors now that 1.6m UK citizens use trading apps? Do buybacks, mergers and wind ups mean investment trusts aren’...

Image

Is it time to rethink your exposure to the US?

It could pay to check your asset allocation, says David Prosser.

Me and my trusts: Gavin Lumsden

Gavin Lumsden, award-winning Investment Journalist, on what got him into investing, why he prefers investment trusts to other funds, and what trusts he holds in his own portfolio.

Me and my trusts: Gavin Lumsden reveals what investment trusts he holds, and why.

Nick Gardner, Investment Editor at the Association of Investment Companies (AIC) asks Gavin Lumsden, award-winning Investment Journalist, which investment trusts he holds in his portfolio.

Me and my trusts: Gavin Lumsden on what got him investing in investment trusts

Nick Gardner, Investment Editor at the Association of Investment Companies (AIC), speaks to Gavin Lumsden, award-winning Investment Journalist and editor, about how he got into investing and what he likes about investment trusts.

Me and my trusts: Gavin Lumsden on why he prefers investment trusts to other funds.

Nick Gardner, Investment Editor at the Association of Investment Companies (AIC) asks Gavin Lumsden, award-winning Investment Journalist and editor, about why he prefers investment trusts to other types of fund.

Image

Revealed: fund managers’ favourite UK smaller companies

Are these Britain’s most promising stocks?

Image

13 investment trust continuation votes fall in next five weeks

The number of upcoming decisions highlights the importance of shareholder voting.

Image

In search of the next Buffett

David Prosser searches for managers who invest in the Buffet style.

Image

Managers pick their favourite sectors and stocks as UK market outperforms during tariff turmoil

The UK equity market is seen as a “beacon of stability”. Housebuilders, property and companies with a domestic focus are tipped to perform well.

Market Matters Podcast featuring Annabel Brodie-Smith

David Brenchley interviews Annabel Brodie-Smith, Communications Director at the AIC, to discuss industry issues including Saba's activism, double-counting of costs and the AIC's petition around voting rights.

Thematic research

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

Crazy Rich Asia

17 October 2025

Asia offers geographical diversification and a buffer to expensive US markets.

Exploring frontier and emerging markets amid shifting global flows

15 October 2025

There is opportunity to be had in lesser-known markets in the current environment.

Continental drift

8 October 2025

Are the US and Europe drifting apart?

Quoted data logo

InfraRed’s HICL and TRIG in play as bid targets after undervalued infrastructure funds propose £5.3bn merger

(Update) HICL Infrastructure (HICL) and The Renewables Infrastructure Group (TRIG) have announced plans to merge to create the UK’s largest listed infrastructure company with net assets of over £5.3bn. The move by £2.2bn HICL and £1.7bn TRIG, both managed by InfraRed Capital Partners, comes as they struggle to rerate shares stuck on wide discounts of […]
Quoted data logo

Morning briefing: Castelnau boosted by 10% Dignity gain; confident Sirius lifts dividend 4%; Buffett buys $4.3bn Alphabet stake; plus VIP, RCP, BOOK, WKOF

Castelnau (CGL), the £263m special situations fund run by Phoenix Asset Management Partners, jumped 7% on Friday after announcing the valuation of Valderrama, the company through which it owns undertaker Dignity, was expected to rise by 10%. The impact on Castelnau’s net asset value (NAV) should be of a “similar magnitude”, it said, given Valderrama […]
Citywire logo

Crystal Amber revamps strategy after Bernstein’s exit

Tarncourt Capital takes over from the manager that launched the trust, buying an ownership stake from activist Saba in the process.
Citywire logo

Trust buybacks break record high in October

Buybacks surpassed their 2024 high last month, with Scottish Mortgage once again leading the charge.

Invesco and Franklin Templeton investment trusts agree merger

Two of the UK’s leading global equity income trusts are to merge in early 2026, in a move aimed at creating a larger and more liquid vehicle.

Greencoat UK Wind

14 November 2025

UKW shares hit by ROC consultation, but fundamentals remain undimmed.

Merchants Trust

14 November 2025

QuotedData's In The HotSeat - Simon Gergel from Merchants Trust.

Schroder Oriental Income

14 November 2025

Results analysis: Schroder Oriental Income.

HarbourVest Global Private Equity

14 November 2025

HVPE is amongst the best placed to benefit from a recovery in private equity activity.

Schroder Income Growth Fund

13 November 2025

Results analysis: Schroder Income Growth

Transaction in Own Shares and Total Voting Rights

14/11/2025 - 18:11

Crystal Amber Fund

Read more

Transaction in Own Shares

14/11/2025 - 17:54

Schroder Oriental Income

Read more

Transaction in Own Shares

14/11/2025 - 17:54

Schroder AsiaPacific Fund

Read more

Transaction in Own Shares

14/11/2025 - 17:53

Schroder Income Growth Fund

Read more

Block listing Interim Review

14/11/2025 - 17:44

HgCapital Trust

Read more

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.