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.

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Autumn Statement: AIC welcomes government’s promise to extend VCT sunset clause to 2035

The Chancellor has committed to extending VCTs’ sunset clause to 2035.

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Time for a shift of gear?

David Prosser explores how investment companies’ ability to borrow money can help investors reap greater returns.

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AIC welcomes Ros Altmann’s private members’ bill on costs

The AIC has welcomed Baroness Ros Altmann’s intervention in the debate about the disclosure of investment company costs.

Kerb appeal: What's your view on the discount of your trust?

Annabel Brodie-Smith asks Richard Shepherd-Cross and Bjorn Hobart for their thoughts on the discounts on their trusts.

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Hold your nerve

Deep discounts are no reason to throw in the towel, writes David Prosser.

Kerb appeal: Would Labour winning the next election make any difference to UK property?

Fund managers from Custodian Property Income REIT and Tritax Big Box REIT on whether Labour winning next year's election would make a difference to the UK property sector.

Kerb appeal: How is your portfolio faring in the current challenging economic conditions?

Investment experts discuss how their portfolios are faring with the AIC's Annabel Brodie-Smith.

Kerb appeal: Are we near the top for interest rates and could this make a difference for property?

The Fund Manager of Custodian Property Income REIT and the Investment Director of Tritax Big Box REIT, share their thoughts on the possibility of peaking UK interest rates and whether this could make a difference for the UK property sector.

Kerb appeal: How is your portfolio having a positive environmental or social impact?

Richard Shepherd-Cross and Bjorn Hobart discuss how their portfolios of UK properties are having a positive environmental or social impact.

Kerb appeal: UK property webinar

A panel of experts discuss the UK property sector with Annabel Brodie-Smith.

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Revisiting renewables

Renewables could be worth a second look, writes Cherry Reynard.

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“I’m still standing”

Ian Cowie on the art of when to sell.

Thematic research

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

Situation normal?

12 March 2026

A turbulent few years for UK REIT share prices contrasts with steady rental growth.

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.

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Schroders acquisition ‘came as a surprise’ to Nick Train

The unexpected £9.9bn deal made Schroders the top performing stock in Finsbury Growth & Income, boosting the trust’s portfolio value by 3.1% last month.
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With much regret, Edinburgh Worldwide shareholders should take up the board’s 100% tender offer in full

This week, much to our disappointment, Edinburgh Worldwide (EWI) announced proposals for a 100% tender offer which, if enacted, would bring about the demise of the trust as we know it. On the face of it, the proposals appear to be a response to the ongoing attacks that EWI is facing from the New York-based […]
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Fidelity Emerging confident it can “navigate turbulent” markets after another half year of outperformance

Fidelity Emerging Markets (FEML) is on a roll with a half-year total underlying return of 35.5% that smashed its benchmark and extends the three years of outperformance it reported at annual results in October. For the six months to 31 December, shareholders enjoyed a 38.9% total return as the shares narrowed their gap, or discount, […]
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AVI Japan prepares for more battles after using funds from Fidelity merger to boost its activist positions

AVI Japan Opportunity Trust (AJOT) fund manager Joe Bauernfreund is looking forward to another busy year of pushing for change at some of the country’s cash-laden small caps after using funds from the merger with Fidelity Japan last November to strengthen its activist positions. Last year was a “transformative” one for the seven-year-old investment trust […]
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Morning briefing: Tetragon launches $50m tender offer; Scottish Oriental cuts First Sentier’s fee; Valhalla lifts HgCapital stake to 9%; Polus raises its position in DGI9’s Arqiva; “exciting times,” says Develop North; plus GRID

Tetragon Financial Group (TFG), the £1.2bn hedge fund and alternative investments platform stuck on a massive 65% discount, has launched a $50m tender offer for its non-voting shares which have slid 19% this year. As with previous TFG tenders, this will be a “modified Dutch auction” in which shareholders can tender their shares at prices […]

Finsbury Growth & Income Trust

13 March 2026

Centenary focus on future 'digital winners.

ICG Enterprise Trust

13 March 2026

Shareholder seminar 2026: resilience and growth.

Law Debenture Corporation

12 March 2026

Outperforming with consistency.

Ruffer Investment Company

12 March 2026

RICA had a good 2025, performing in up and down periods.

Alliance Witan

12 March 2026

Returns based more in reality than hope.

Transaction in Own Shares

13/03/2026 - 17:49

The European Smaller Companies Trust

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Transaction in Own Shares

13/03/2026 - 17:46

Bankers Investment Trust

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Issue of Equity

13/03/2026 - 17:46

AVI Japan Opportunity Trust

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Transaction in Own Shares

13/03/2026 - 17:41

BlackRock Greater Europe

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Transaction in Own Shares

13/03/2026 - 17:33

JPMorgan Emerging Markets Growth & Income

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Glossary

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

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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.