Compass: The AIC’s monthly newsletter

This month, Compass embarks on an adventure. Ian Cowie gets lost in space and our VCT managers are on a mission to discover the companies of the future.

Latest articles, press releases and videos

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Venturing into Vietnam

Cherry Reynard asks if Vietnam could be a sweet spot for investors in 2024.

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An ill wind…

Ian Cowie searches for this year’s winners

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Investment taxes loom large

David Prosser looks at how to make the most of tax-free savings allowances.

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Investment company 2023 review (updated)

Mergers, buybacks, liquidations and manager changes dominate corporate activity. Nine investment companies change managers. Discounts hit post-2008 nadir in October.

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“Under-owned, underestimated and undervalued”: but could 2024 be the year emerging markets come good?

Investment company managers on upcoming elections and opportunities in 2024.

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Are you ready for VCT season?

David Prosser explores how VCTs can provide a tax-efficient option for investors.

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On the income hunt once more

David Prosser explores how investment companies can offer income opportunities as inflation falls

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Change in the air

David Prosser asks whether the headwinds facing investment companies are about to turn into tailwinds.

New year, new beginnings: what do you think could happen to inflation and interest rates?

James Hart, Investment Director of Witan Investment Trust, on what he thinks could happen next for inflation and interest rates.

New year, new beginnings: what themes or countries are you particularly positive about?

Emily Fletcher, Co-Manager of BlackRock Frontiers, discusses the countries and themes she's feeling optimistic about.

New year, new beginnings: what could bring the UK back in favour?

Alex Wright, Portfolio Manager of Fidelity Special Values, on what could bring the UK back in favour.

New year, new beginnings: could you reflect on your performance in 2023?

Fund managers from Witan Investment Trust, Fidelity Special Values and BlackRock Frontiers reflect on their performance this year.

Thematic research

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

Range anxiety

7 February 2024

We look at what context we can gain from ten years of discount analysis.

2023 was an annus horribilis for Infrastructure and Renewable Energy

1 February 2024

The focus of Hardman & Co Research is on the nine quoted Infrastructure Investment Companies (IICs) and on the 22 Renewable Energy Infrastructure Funds (REIFs).

Share the wealth, Xi...

25 January 2024

The world's most successful communist country could benefit from a welfare state.

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Tritax Big Box REIT doubles down on developments as market improves

Tritax Big Box REIT has said improving market conditions has reinforced its conviction for logistics development projects. In annual results for the period to 31 December 2023, the company said that easing inflation, continuing rental growth, and improving yields on cost make its development programme more attractive. It added that it will continue to sell […]
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European Opportunities capitalises on the Novo Nordisk rally to beat the market

European Opportunities (EOT) has released its interim results for the half year ended 30 November 2023. Selected highlights as follows: EOT generated a NAV total return of 4.3% over the period and a share price total return of 7.7%. Both of these represent an outperformance relative to EOT’s benchmark, the MSCI Europe Index, which returned […]
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Novo Nordisk’s fat returns drive Darwall fund higher and could keep Boaz at bay

Half-year results show the £599m European Opportunities Trust that recently underwent a 25% tender offer beat its benchmark, but has work to do with activist Saba holding 4%.
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‘Buy’ this renewable fund’s clean and well-covered 7% dividend

Results from The Renewables Infrastructure Group (TRIG) demonstrate the sell-off of clean energy funds has gone too far and the shares look attractive on a 20% discount.
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JPMorgan Emerging Markets offers 2029 tender if performance doesn’t improve

Two leading value investors are thought to have pressed the board to buy back 25% of the trust's shares if returns do not beat the MSCI Emerging Markets index in next five years.

Fidelity Japan Trust

29 February 2024

FJV looks for undiscovered growth stories in Japan.

Law Debenture Corporation

28 February 2024

One plus one equals three.

Real Estate Credit Investments

27 February 2024

French and German exposures in perspective

Ashoka India Equity

26 February 2024

AIE is the top-performing India fund since launch.

Atrato Onsite Energy

23 February 2024

QuotedData's Weekly News & Interview

Transaction in Own Shares

01/03/2024 - 08:00

Henderson Far East Income Limited

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Invesco Select Trust Plc - Appointment of Joint Corporate Broker and Financial Adviser

01/03/2024 - 08:00

Invesco Select Trust - Balanced Risk Allocation sh

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Invesco Select Trust Plc - Appointment of Joint Corporate Broker and Financial Adviser

01/03/2024 - 08:00

Invesco Select Trust - Global Equity Income shares

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Invesco Select Trust Plc - Appointment of Joint Corporate Broker and Financial Adviser

01/03/2024 - 08:00

Invesco Select Trust - Managed Liquidity share

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Invesco Select Trust Plc - Appointment of Joint Corporate Broker and Financial Adviser

01/03/2024 - 08:00

Invesco Select Trust - UK Equity shares

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Glossary

Familiarise yourself with industry terminology.

Research tools

Access information on your chosen investment companies, or find and compare companies using our screening and monitoring tools.

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.