Compass: The AIC's monthly newsletter

This month Compass blasts off, revealing the investment trusts joining the space race. And Ian Cowie analyses why investment trusts outperform their sister funds.

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Thematic research

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

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.

I fought the war, and the war won

29 April 2026

A year on from Liberation Day, Kepler analysts look at who is winning the trade war.

Half of Diverse Income shareholders move to open-end sister fund

They will convert their shares over to Premier Miton UK Multi Cap Income ahead of the trust’s wind down next month, with the remainder taking a cash exit.

Schroders and LondonMetric aim at £403mn REIT tie-up

A proposed three-way tie-up between LondonMetric Property, Schroder Real Estate Investment Trust nd Picton Property Income has underscored renewed confidence in the UK listed property sector, as investors and boards seek scale, efficiency and stronger income growth in a recovering commercial real estate market.

Schroder Income boosts Relx and exits 3i in active first half

Manager Sue Noffke took advantage of Relx's depressed share price but said 3i had 'left little room for disappointment’.

International Biotech boosted by 250% gain from one big hitter

The £380m trust made a timely exit from one of its top stocks just before it more than halved in value.
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Lowland lags UK’s blue-chip rally but aims high by buying lowly-valued smaller stocks outside FTSE 100

Lowland (LWI), the £372m UK equity income trust running a higher-than-normal allocation to companies outside the FTSE 100, returned 7.1% in the six months to 31 March but lagged the FTSE All-Share as blue-chip stocks once again led the way. The benchmark index rose 8.9% with shareholders in the Janus Henderson managed trust receiving 6.8% […]

Target Healthcare REIT

11 May 2026

Q326 progress ahead of accretive deployment.

Canadian General Investments

8 May 2026

Keeping calm and focused amid global turmoil.

Pantheon Infrastructure

8 May 2026

Moving to a new phase.

Lindsell Train

7 May 2026

"Market mispricing AI risk".

Montanaro UK Smaller Companies

6 May 2026

The elastic band stretches further.

Transaction in Own Shares

13/05/2026 - 17:43

BlackRock Smaller Companies

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Transaction in Own Shares

13/05/2026 - 17:41

Fidelity Emerging Markets

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Transaction in Own Shares

13/05/2026 - 17:37

Rights & Issues Investment Trust

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Transaction in Own Shares

13/05/2026 - 17:36

The European Smaller Companies Trust

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Transaction in Own Shares

13/05/2026 - 17:35

BlackRock Greater Europe

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