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

Search by topic

Thematic research

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

Finding value in the volatility

16 April 2026

Kepler ask where volatility during the Middle East crisis has created opportunities in discounts.

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.

Citywire logo

Scottish Mortgage issues shares for first time since 2021

The £15.3bn Baillie Gifford trust hit a premium in early April, having spent billions on share buybacks in the past few years.
Quoted data logo

RTW Biotech makes 143% return from record $625m flotation of obesity jab developer Kailera

RTW Biotech Opportunities (RTW) has reaped a 143% return from backing the sector’s biggest ever flotation in the US as the £725m investment company continues to benefit from the newfound optimism in biotechnology. Kailera Therapeutics (KRLA), a Massachusetts-based obesity specialist that RTW’s fund manager helped found two years ago, raised $625m (£463m) on Thursday as […]
Quoted data logo

Edinburgh Worldwide rallies shareholders to AGM vote saying there’s “real opportunity” to defeat Saba a third time

Edinburgh Worldwide (EWI) has attempted to gee up its long-term shareholders for a third defence of the investment trust against Saba Capital, saying the board will offer the hostile hedge fund and its supporters another exit opportunity if it survives the vote at the annual general meeting (AGM) on 30 April. Although Saba succeeded in […]
Quoted data logo

Impax Environmental Markets considers its future after investors, including Saba, sell 78% of the trust’s shares

Impax Environmental Markets (IEM) is considering its future after 77.8% of shares in the £825m investment trust were put up for sale in last week’s exit tender offer. Analysis by the board indicates that Saba, the hostile hedge fund that was threatening to take over the company, tendered its 21% stake despite apparently not voting […]
Quoted data logo

Morning briefing: Throgmorton delists as BlackRock merger approved; Claverhouse takes its place in FTSE 250; Diverse Income tables votes for open-ended rollover; plus NAS, OIG

BlackRock Throgmorton (THRG) shares have been delisted after shareholders in the £524m investment trust approved its merger with sister trust BlackRock Smaller Companies (BRSC). The resolution to reconstruct and liquidate passed with 91.3% of votes in favour on turnout of 31.4%. BRSC will buy £303m of net assets from THRG shareholders who chose to roll […]

Fidelity Special Values

16 April 2026

Value investing in a volatile world.

EJF Investments

16 April 2026

Initiation – Niche opportunity with c 9% yield.

JPMorgan Claverhouse

15 April 2026

JCH extends its dividend growth record to 53 consecutive years.

AVI Global Trust

14 April 2026

Plenty to do.

SDCL Efficiency Income

14 April 2026

Board pivots to a managed wind-down.

Transaction in Own Shares

17/04/2026 - 17:41

GCP Infrastructure Investments

Read more

Transaction in Own Shares

17/04/2026 - 17:33

BlackRock Greater Europe

Read more

Transaction in Own Shares

17/04/2026 - 17:29

Montanaro European Smaller Companies

Read more

Transaction in Own Shares

17/04/2026 - 17:26

Finsbury Growth & Income Trust

Read more

Transaction in Own Shares

17/04/2026 - 17:26

Worldwide Healthcare 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.