Compass: The AIC's monthly newsletter

This month in Compass, trust managers explain the continued demand for oil and gas, Ian Cowie makes the case for bonds, and we look at why global emerging markets are flying.

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Thematic research

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

Siren song

20 May 2026

Long-term cash holdings may cost investors more than they think, but investment trusts offer a compelling alternative through strong dividend growth potential.

No country for old energy

8 May 2026

As the energy mix evolves, renewables look increasingly attractive, despite market scepticism.

A shot in the arm

8 May 2026

Pension fund cash could be a boon for the sector.

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Bullish biotech bets propel Worldwide Healthcare returns

The £1.3bn trust rode the bounce back in biotech, steaming ahead of its benchmark.
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BioPharma Credit makes bumper investment in Swiss insomnia treatment

It is now running 'pretty tight on cash' following the refinancing of its largest holding in December.

Brexit 10 years on: Are UK shares going to be this cheap forever?

Nearly ten years after Britain voted to leave the European Union, fund managers overseeing some of the UK’s oldest investment trusts believe the lasting legacy of Brexit for investors may be less about economic disruption and more about valuation.
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TR Property’s Phayre-Mudge says Unite boss should be held accountable for “disastrous” Empiric Student Property acquisition

Update: TR Property (TRY) fund manager Marcus Phayre-Mudge has demanded that Unite (UTG) chief executive Joe Lister be held to account for its “disastrous” acquisition of Empiric Student Property. Phayre-Mudge, head of property investment at Columbia Threadneedle subsidiary Thames River Capital, accused Lister and Unite’s management team of “hubris” in pursuing the £723m cash and […]
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Three ways to play the renewable renaissance

With the Strait of Hormuz still more or less shut to traffic, oil and gas prices remain at elevated levels. Brent crude oil futures continue to trade around $90 per barrel compared with $60 at the start of the year.

Molten Ventures

10 June 2026

ICEYE fundhttps://email.edisongroup.com/c/AQi4ixYQ6ZagAhics8dHINqf3hQo6YbnCFBbK9Q1fRp3-zRv2v6MiBKmT0dboCkV-lGK_-1NGckqing round triggers over 200% uplift.

Impax Environmental Markets

9 June 2026

The endgame?

Alliance Witan

4 June 2026

ALW offers plenty of latent value that the market has yet to recognise.

Finsbury Growth & Income Trust

3 June 2026

Strong support for former top-rated trust.

JPMorgan American

3 June 2026

JAM is well positioned to benefit from a broadening of market returns.

AGM Statement

09/06/2026 - 18:31

Albion Technology & General VCT

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Result of AGM

09/06/2026 - 18:13

Life Settlement Assets

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Form 8.3 - LondonMetric Property & Schroder REIT

09/06/2026 - 17:59

Schroder Real Estate

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Holding(s) in Company

09/06/2026 - 17:55

Molten Ventures

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Transaction in Own Shares

09/06/2026 - 17:48

Polar Capital Technology

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