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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Bargain hunting with micro cap trusts

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

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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’...

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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.

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Revealed: fund managers’ favourite UK smaller companies

Are these Britain’s most promising stocks?

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13 investment trust continuation votes fall in next five weeks

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

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In search of the next Buffett

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

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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.

Why the best emerging market opportunities aren’t always the biggest

7 August 2026

Emerging markets have been powered by a handful of technology giants, but opportunities extend far beyond the biggest names. Discover three lesser-known companies benefiting from long-term trends in infrastructure, banking and artificial intelligence, and see how active investors can uncover hidden growth opportunities across the region.

Bubble, bubble, toil and trouble

5 August 2026

With ongoing questions over the AI rally, we look at what could protect you should the bubble burst.

The changing of the guard

14 July 2026

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Pershing Square adds six new positions in ‘disappointing’ first half

Bill Ackman’s £6.7bn investment trust fell 12.6% over the first six months of the year, but it was one of the fund's most active dealmaking periods on record.
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Baillie Gifford and RIT set for ‘significant uplift’ from Anthropic IPO

The artificial intelligence company’s valuation could more than double if it hits $2tn as markets anticipate.
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Why JPMorgan Claverhouse remains positive on the prospects for the UK market

Investment trust JPMorgan Claverhouse (LON:JCH) lagged the benchmark in the six months to June 2026. Weakness in Serco (LON:SRP), Dunelm (LON:DNLM) and ICG (LON:ICG) impacted the fund’s relative performance.
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Morning briefing: Pershing Square stumbles, BIPS expands, plus CYN, JCH

Pershing Square had a poor first half of 2026. In total return terms, its NAV fell by 12.6% and share price by 23.9% in a period where the S&P 500 Index rose by 10.2%. An additional $100m buyback was authorised in May 2026 as the discount widened (over the period it went from 24.1% to […]
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Tufton: ‘We’re not going back to status quo’ even if Hormuz reopens

Disruption in the Middle East will permanently reshape global trade routes, according to Tufton Assets manager Nikos Petrakakos.

TR Property

12 August 2026

TRY’s strong earnings growth is a sign of the continued recovery in pan-European property.

Target Healthcare REIT

11 August 2026

Strong FY26 underpins strong share price.

Dunedin Income Growth

10 August 2026

DIG has raised its dividend every year since 2011, beating inflation.

BlackRock Smaller Companies

10 August 2026

Investing in UK small caps with investment trusts.

BlackRock Smaller Companies

7 August 2026

BRSC’s transformative year has made it more shareholder friendly.

Transaction in Own Shares

13/08/2026 - 17:33

Henderson Smaller Companies

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Transaction in Own Shares

13/08/2026 - 17:30

Foresight Solar Fund

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Transaction in Own Shares

13/08/2026 - 17:29

BlackRock Greater Europe

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Transaction in Own Shares

13/08/2026 - 17:27

Schroder Income Growth Fund

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Transaction in Own Shares

13/08/2026 - 17:25

The European Smaller Companies Trust

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Glossary

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

Research tools

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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.