Compass: The AIC's monthly newsletter

This month Compass steps into Christmas. We reveal this year’s investment trust star performers, and our managers predict what’s in store for 2026.

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Meet the manager: Marcus Phayre-Mudge

Manager of TR Property Investment Trust.

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Investing in a bubble

Investment trusts can steer a steady course when markets are febrile, writes David Prosser.

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Meet the manager: Rory Stokes

Portfolio Manager of The European Smaller Companies Trust.

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Too big to ignore?

David Prosser considers China’s enduring investment appeal.

Investment Company Showcase 2025: Interview with Abby Glennie

Annabel Brodie-Smith, Communications Director of the AIC, talks to Abby Glennie, ahead of the Showcase, on 10 October 2025.

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Fantasy fund manager: trade deals and tariff certainty help markets

Uncertainty around geopolitical events can’t stop the rally.

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Investment trusts for first-timers

Experts suggest trusts for those who haven't invested in them before.

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Infrastructure trusts may benefit from lower rates

A rate cut is very likely at the Bank of England’s meeting this month, writes David Prosser.

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Managers make the case for private equity investment trusts after long-term asset funds set for inclusion in ISAs

Some point to LTAF liquidity concerns and dangers of investors becoming trapped.

Investment Company Showcase 2025: Interview with Maggie Fanari

Annabel Brodie-Smith, Communications Director of the AIC, talks to Maggie Fanari, ahead of the Showcase, on 10 October 2025.

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Why investment trusts on a premium can still be good value

David Prosser explains why expensive looking funds can be a good bet.

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AIC withdraws shareholder rights petition as ‘My share, my vote’ campaign achieves its aims

Recommendations of Digitisation Taskforce will deliver campaign’s objectives.

Thematic research

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

Back to the future

26 November 2025

Our analyst argues investment trusts are the modern way to invest.

Following the flow, where global capital is looking next

19 November 2025

Recent flows point to a potentially subtle shift, with investors reassessing the regions offering a balance of value and reform-driven growth outside the US.

Understanding the world’s oldest collective investment vehicle

18 November 2025

Edison explains: Investment trusts

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The Santa rally – reality or myth? And can trust investors benefit?

The wreaths are up, and the mince pies are in the oven. And in the investment world too we have our own end-of-year traditions. Foremost amongst these is the “Santa rally”, specifically the old lore that the market invariably performs strongly over the festive period. But is it true? And if so, can trust investors […]

An opportunity to acquire high quality income names at attractive prices

Written by James Harries, Tomasz Boniek, Co-Managers, STS Global Income & Growth Trust.
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Morning briefing: Schroder European REIT defers long-term decisions as Redding takes chair; plus CREI, BYG

Annual results from Schroder European Real Estate highlight the challenges for incoming chair Phil Redding and fund manager Jeff O’Dwyer, Custodian Property Income reports good half-year results and self-storage group Big Yellow confirms takeover talks with Blackstone have ended. Schroder European Real Estate (SERE), the £83m listed property fund weighed down by a French tax […]
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Barings Emerging EMEA takes steps to win back dissenting shareholders after “outstanding” year

Barings Emerging EMEA Opportunities (BEMO) is hiking dividends and streamlining its investments as the £87m investment trust looks to win back the large minority of disaffected shareholders who voted against the company’s continuation in October. Outgoing chair Frances Daley said BEMO had delivered an “outstanding” annual result with a 28.3% investment return for the year […]
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Saba proposes new Edinburgh Worldwide board for 2026 vote

Activist US hedge fund formally requisitions general meeting to replace the board of Baillie Gifford's Edinburgh Worldwide investment trust.

BlackRock Greater Europe

5 December 2025

New co-manager and reduced management fees.

Seraphim Space Investment Trust

4 December 2025

Dual-use SpaceTech: a strategic shift, not a short-term trend.

Hansa Investment Company

4 December 2025

Court judgment sanctioning the scheme.

MIGO Opportunities Trust

4 December 2025

QuotedData's In The HotSeat - Tom Treanor & Charlotte Cuthbertson

Hansa Investment Company

4 December 2025

Court judgment sanctioning the scheme.

Transaction in Own Shares

04/12/2025 - 18:53

BlackRock Smaller Companies

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Portfolio Update

04/12/2025 - 18:14

Fidelity Special Values

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Results of 2025 AGM

04/12/2025 - 18:07

CQS New City High Yield Fund

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Dividend Declaration

04/12/2025 - 17:51

VPC Specialty Lending Investments

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Transaction in Own Shares

04/12/2025 - 17:49

The European Smaller Companies Trust

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Glossary

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

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