Compass: The AIC's monthly newsletter

This month in Compass, we discover how to invest in SpaceX, Revolut and TikTok. Ian Cowie hunts for opportunities in Europe and we reveal the trusts that would have made you an ISA millionaire.

Latest articles, press releases and videos

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Sapna Shah appointed chair of the AIC

Alison Jefferis elected to the board, Stephanie Coxon and Cathy Pitt re-elected.

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AIC: renewable energy subsidies u-turn will damage investor confidence

Policy reversal undermines long term investment confidence.

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Venture capital trusts after the Budget

Managers explain what tax changes mean for investors.

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Discounts: a price worth paying with investment trusts?

David Prosser on why the issue of investment trust discounts may have been overblown.

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The top 20 most viewed investment trusts

City of London was the most viewed trust on theaic.co.uk in 2025.

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Fantasy fund manager competition 2026

Six financial journalists select their favoured trusts for this year and beyond.

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AIC comments on defeat of Saba’s proposals at Edinburgh Worldwide

Shareholders turn out in force to reject the activist’s plans for the trust.

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Meet the manager: Adam Norris

Portfolio Manager of CT Global Managed Portfolio Trust.

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Small but beautiful: experts reveal their favourite investment trusts with less than £200 million of assets

These small trusts are hidden gems for investors.

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FCA must “finish what it started” on cost disclosures

AIC presses FCA to reform post-sale (MiFID) cost disclosures without delay.

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Time is running out on to max out on VCT tax relief

David Prosser on what the changes to venture capital trusts mean for investors.

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Director talk: Richard Class

Richard is a director of TwentyFour Select Monthly Income Fund.

Thematic research

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

Dividend culture is on the rise in emerging markets.

11 March 2026

Several countries across emerging markets have taken steps to foster a stronger dividend culture.

The ageing society – a structural shift investors cannot ignore

6 March 2026

Most investment themes depend on something going right: a technology gaining adoption, a policy being passed or economic growth accelerating. Ageing is different.

A galaxy of stars

6 March 2026

Despite its recent travails, the breadth and diversity of the investment trust universe is staggering.

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NextEnergy Solar halves dividend in attempt to fix discount

The £307m trust’s reduced dividend will likely be poorly received by income investors, but is necessary for paying down debt.
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Banks drive bumper returns at Law Debenture for second year running

UK banks boosted the trust's net asset value by nearly 30% thanks to high interest rates, while its former top performer turned into its biggest detractor.
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Runaway sector successes drive Pacific Horizon outperformance

Exposure to two of last year's best performing growth stories has seen Baillie Gifford's Pacific Horizon extend its track record of outperformance.
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CQS Natural Resources up 22.6% this year after outgoing fund managers respond to Iran war by hiking energy positions and cutting gold and silver miners

CQS Natural Resources Growth & Income (CYN) fund managers Keith Watson and Robert Crayfourd have responded to the Iran war by hiking energy holdings to 34% from 24% and cutting gold and silver miners to 37% from 49% at 31 January. No reference was made to their imminent departure announced this week in the update. […]
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How “dividend hero” Law Debenture held Rolls-Royce through a three-year 1,150% share price rebound and swooped on LSEG and RELX after their AI sell-off

Update: Annual results from Law Debenture (LWDB) underline why the £1.5bn UK equity income trust won QuotedData’s long-term income award last year. The company today declared a final dividend of 10.375p per share to take the 2025 total to 35.5p, an above inflation rise of 6%, covered by revenues per share of 37.26p up more […]

Pantheon Infrastructure

11 March 2026

Future-facing fund offers global diversification.

Foresight Environmental Infrastructure

11 March 2026

Diversification boosts both growth and income.

NextEnergy Solar

11 March 2026

New focus on total returns.

Foresight Environmental Infrastructure

6 March 2026

Powered by Many Sources.

HarbourVest Global Private Equity

5 March 2026

HarbourVest Global Private Equity (HVPE) – In Prime Position.

Transaction in Own Shares

10/03/2026 - 17:51

The Global Smaller Companies Trust

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Transaction in Own Shares

10/03/2026 - 17:47

BlackRock Energy and Resources Income

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Director/PDMR Shareholding

10/03/2026 - 17:41

Real Estate Credit Investments

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Transaction in Own Shares

10/03/2026 - 17:38

GCP Infrastructure Investments

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Transaction in Own Shares

10/03/2026 - 17:35

BlackRock Greater Europe

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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.