Compass: The AIC's monthly newsletter

This month in Compass, Ian Cowie explains what a new PM means to investors, managers reflect on the impact of the Brexit vote and we search for the next mega-IPOs.

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Opportunities in smaller companies

Annabel Brodie-Smith moderates a panel at the Master Investor Show exploring investment trusts focused on smaller companies across UK and global markets, and why smaller companies are back in focus for investors.

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Fantasy fund manager: markets power through Iran woes

Contestants score impressive gains as big tech overcomes war worries.

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Why renewable energy trusts could be due for a rebound

David Prosser says recent events have boosted the investment case for renewable energy infrastructure.

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AIC responds to Herald announcement

"This is a successful outcome for shareholders."

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Join the space race with investment trusts

Invest in “the systems that will anchor security, resilience, and intelligence for decades to come”.

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Director talk: Lucy Costa Duarte

Lucy is a director of Allianz Technology Trust, Fidelity Asian Values and MIGO Opportunities Trust.

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Don’t sell in May — even if you go away!

David Prosser explains that there’s a grain of truth in the old adage.

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Hamish Buchan

The AIC has issued a statement following the recent death of Hamish Buchan, a leading investment trust analyst, a much respected investment trust director and former chair of the AIC.

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Stress Tested: Rethinking Investment Trusts in a Turbulent Market | Investment Trust Edge

Volatility is stress-testing investment trusts. Experts reveals which strategies endure and where risks hide. See how boards are evolving through smarter capital allocati...

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AIC responds to Edinburgh Worldwide announcement

The AIC reacts to the news that the three directors nominated by Saba Capital will be appointed today.

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Common sense prevails as government amends Pensions Schemes Bill to include investment companies

This means that pension schemes will now be able to use investment companies to meet any requirement to invest in private assets.

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77% of investment trusts outperform sister funds over ten years

New research points to structural advantages of trusts over funds.

Thematic research

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

The changing of the guard

14 July 2026

A World Cup style review

14 July 2026

Full moon rising

2 July 2026

Myths and legends in investment trust M&A.

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Murray International makes double digit return amid ‘huge volatility’

The £2.2bn global income trust underperformed its benchmark due to caution around market leaders.
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Is there an opportunity in squeezed UK small caps?

If you read our recent note on Temple Bar (TMPL), you’ll have seen that we included a section entitled “Compelling UK valuation opportunity”. Below is one of the tables we used to back that up. As you can see, UK stocks are cheap relative to peers, and especially US stocks. It is true that large […]
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Pacific Horizon: dragons and salamanders

Qian Zhang, investment specialist, Baillie Gifford. Many Asia portfolios own the same household names. Baillie Gifford’s Qian Zhang explains why patient investors may find compelling opportunities not only in Asia’s index ‘dragons’, but also in the quieter ‘salamanders’ others miss.   As with any investment, your capital is at risk. Asia had a strong year in 2025, and we […]
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India investment trusts: Is the long-term story still intact after a difficult 2026?

India has been one of the world’s best-performing major equity markets over the past decade, supported by strong GDP growth, rising household wealth, digitalisation and expanding manufacturing. For UK investors, investment trusts remain one of the easiest ways to gain diversified exposure to the country’s long-term structural growth.
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Murray International delivers robust H1 performance

Global equity income trust Murray International (LON:MYI) delivered another robust performance in the six months to June. The fund generated a positive net asset value (NAV) total return of 10.5%.

BlackRock World Mining

6 August 2026

Investing in commodities.

Schroder UK Mid Cap

5 August 2026

SCP could offer exposure to a recovery in UK mid caps.

Baillie Gifford European Growth

5 August 2026

BGEU refreshes its approach to growth investing in Europe.

JPMorgan China Growth & Income

4 August 2026

Stock selection and exposure to structural themes have supported JCGI’s meaningful outperformance this year.

Temple Bar

4 August 2026

Ageing well.

Transaction in Own Shares

07/08/2026 - 18:19

BlackRock Energy and Resources Income

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Transaction in Own Shares

07/08/2026 - 18:04

BlackRock Greater Europe

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Transaction in Own Shares

07/08/2026 - 18:02

BlackRock Smaller Companies

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JPMorgan European Growth & Income

07/08/2026 - 18:00

JPMorgan European Growth & Income

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Transaction in Own Shares

07/08/2026 - 17:55

Worldwide Healthcare Trust

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Glossary

What does that word mean? Find your way around investment trust jargon.

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