Compass: The AIC's monthly newsletter

This month in Compass, Ian Cowie analyses the impact of Iran on investment trusts, and our most experienced managers share lessons learned during previous crises.

Latest articles, press releases and videos

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Which trusts will rise as interest rates fall?

Infrastructure, renewable energy and property investment trusts are tipped to benefit most.

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Spreading your bets really does work

David Prosser analyses investment trust returns since “independence day”.

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Stand up for your rights

Don’t throw away your right to vote, urges Ian Cowie.

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My share, my vote: Nick Britton explains why you should sign the petition

The AIC has launched our 'My share, my vote' campaign petition to make sure every shareholder has a voice. Nick Britton explains why you should sign the petition.

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Meet the manager: Iain McCombie

Co-Portfolio Manager of Baillie Gifford UK Growth Trust.

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Director talk: Glen Suarez

Glen is chairman of Impax Environmental Markets.

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My share, my vote: Annabel Brodie-Smith explains why you should sign the AIC’s petition

The AIC has launched our 'My share, my vote' campaign petition to make sure every shareholder has a voice.

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Four weeks from Liberation Day: What's the impact?

The AIC has published a list of the investment trust sectors that have performed the best and worst since President Trump’s announcements.

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Going cheap or just an illusion?

David Prosser assesses the state of the private equity sector following Trump’s tariff announcements.

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Why small may yet be beautiful

Now may be the time to consider UK smaller companies, says David Prosser.

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What is an investment trust?

Learn how investment trusts (also known as investment companies) offer instant access to a diversified portfolio of assets.

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FCA indicates willingness to make meaningful changes to cost disclosure

AIC comments on FCA’s Consultation Paper CP25/9**

Thematic research

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

The game of their lives

2 April 2026

Kepler analyse how UK equity-focussed investment trusts have performed relative to open-ended funds with near-identical mandates.

Bakumatsu

19 March 2026

We make the case for investing less in the USA.

Situation normal?

12 March 2026

A turbulent few years for UK REIT share prices contrasts with steady rental growth.

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3i slump drags Mercantile below benchmark

Large holdings in alternative asset managers caused the greatest damage to performance last year.
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Probe launched into PwC audit of collapsed Digital 9 Infra 

Analysts expect a 75% write down in its NAV per share in its next update.
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Impax AM shares crash as loss of Environmental Markets trust heightens concern over asset outflows

Shares in Impax Asset Management (IPX) plunged 25% today after investors reacted to further outflows from the sustainable investment group worsened by the impending loss of Impax Environmental Markets (IEM). IPX dropped 31.4p to 94.2p, close to a nine-year low, on news that just over £2bn had been withdrawn from Impax funds in the first quarter […]
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Pictet enters active ETF market with five AI-enhanced funds

Pictet Asset Management is preparing to launch five AI-enhanced active UCITS ETFs in Europe, marking the Swiss group’s first move into the region’s ETF market. The funds will be domiciled in Ireland and will cover US, world, emerging markets, Europe and world ex-US equities under the tickers PQUS, PQWD, PQEM, PQEU and PQWX, respectively. Pictet […]
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GRID delays £150m earnings target as connection dates move

The update means four of the battery storage trust's five pipeline projects now have confirmed energisation dates.

Aberdeen Asia Focus

10 April 2026

Excellent stock selection has driven impressive long-term returns.

JPMorgan Emerging Markets Dividend Income

10 April 2026

JEMI helps income investors capture the growth potential of emerging markets.

Lowland

10 April 2026

A solid start to the year.

Templeton Emerging Markets

8 April 2026

Equity proposition.

Fidelity Special Values

8 April 2026

FSV has delivered strong outperformance over the long and short term.

Form 8.3 - LondonMetric Property plc

09/04/2026 - 17:56

Schroder Real Estate

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Form 8.3 - LondonMetric Property plc

09/04/2026 - 17:55

Schroder Real Estate

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Transaction in Own Shares

09/04/2026 - 17:50

HgCapital Trust

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Transaction in Own Shares

09/04/2026 - 17:48

JPMorgan UK Small Cap Growth & Income

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Transaction in Own Shares

09/04/2026 - 17:32

GCP Infrastructure Investments

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