Compass: The AIC's monthly newsletter

This month in Compass, we preview the Investment Company Showcase. Ian Cowie reveals his investment plan for his grandchildren and managers explore the latest innovations in healthcare.

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Which types of companies are you investing in now and why?

Which types of companies are you investing in now and why?

Richard Moore, Co-Head of Investments at Calculus Capital which manages Calculus VCT, said: We target growth companies - technology, healthcare and entertainment." Stuart Veale, Manager of the ProVen VCTs and Ewan MacKinnon, Investment Partner at Maven Capital Partners which manages the Maven VCTs, explain which types of companies they are investing in and why.

What economic benefits are VCTs providing amid slowing economic growth?

What economic benefits are VCTs providing amid slowing economic growth?

Ewan MacKinnon, Investment Partner, at Maven Capital Partners which manages the Maven VCTs, said: "VCT portfolio companies are big contributors to the UK economy". Together with Richard Moore, Co-Head of Investments at Calculus Capital which manages Calculus VCT, and Stuart Veale, Manager of the ProVen VCTs they discuss the economic benefits VCTs are providing amid slow economic growth?

How are your investee companies helping with social or environmental issues (ESG)?

How are your investee companies helping with social or environmental issues (ESG)?

VCT managers explain how their investee companies are helping with social or environmental issues.

In the current tough environment, what is your view on the outlook for VCTs?

In the current tough environment, what is your view on the outlook for VCTs?

The managers of the Maven VCTs, Calculus VCT and the ProVen VCTs give their outlook for VCTs in the current challenging environment.

Why has there been strong demand for VCTs?

Why has there been strong demand for VCTs?

VCT managers: Stuart Veale, Manager of the ProVen VCTs, Ewan MacKinnon, Investment Partner at Maven Capital Partners which manages the Maven VCTs, and Richard Moore, Co-Head of Investments at Calculus Capital which manages Calculus VCT, discuss why there has been strong demand for VCTs.

Three VCT managers discuss the outlook for Britain's ambitious smaller companies

Three VCT managers discuss the outlook for Britain's ambitious smaller companies

Three VCT managers discuss the outlook for Britain's ambitious smaller companies.

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Stamp out stamp duty on investment companies

Scrapping 0.5% tax would level the playing field, eliminate double taxation and boost financing for infrastructure and renewable energy.

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Why UK equities offer attractive buying opportunities

Despite continued uncertainty, Alex Wright highlights the opportunity in UK equities and outlines why he expects value to continue to outperform in the current market environment.

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Value outperformance to continue into 2023

Nitin Bajaj, portfolio manager of Fidelity Asian Values, outlines why he expects value to continue its strong run as we head into 2023.

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Investment Trust Update | 17th January 2023

In this investment trust update, Winterflood introduces 15 names to its recommended list for 2023 and Downing Strategic Microcap makes plans for share buybacks.

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Casting our net wide

Nick Price, Portfolio Manager of Fidelity Emerging Markets, highlights areas of opportunity to be found in emerging markets.

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Chinese New Year

Investment company managers on the outlook for China in the Year of the Rabbit

Thematic research

Research on investment trusts that focuses on a particular sector or theme can be found below. This research is produced by other companies and is not endorsed by the AIC.

Houston, we have an IPO

10 September 2026

SpaceX stole the headlines, but opportunities span public and private markets.

Point Break

7 September 2026

If big institutions are coming back to the sector, which trusts will benefit first?

Follow the money

26 August 2026

Fund flows can tell us quite a lot about what’s going on.

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Public access to private businesses

After SpaceX exploded onto the public markets earlier this year, it paved the way for other blockbuster IPOs. Anthropic looks likely to be next, coming to market with a valuation of over $1 trillion. Stripe, Databricks, OpenAI and others are all waiting in the wings. For the investment trusts that have backed them, it is […]
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BlackRock Income & Growth mulls exit from ‘oversupplied’ UK sector

The trust has launched a strategic review addressing 'ongoing challenges with size, liquidity, and operating costs'.
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‘Two classes of shareholder’: Is retail getting a fair deal in overnight fundraises?

Retail inclusion in fresh raises has surged since the start of the year, but some private investors still aren't happy.
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Saba responds to Gore Street over failed German asset sale

Saba Capital has responded to Gore Street Energy Storage Fund (GSF) after its board blamed uncertainty created by the activist investor’s proposals for disrupting the sale of its German battery storage asset. Yesterday, GSF revealed that the preferred bidder for its 22MW Cremzow asset had sought to reduce its offer when negotiations were at an […]
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Supermarket Income completes deployment of £100m equity raise

Supermarket Income REIT (SUPR) has completed the deployment of the proceeds from its £100m July equity raise after acquiring six grocery properties for £104m. The acquisitions, combined with the £118m purchase of three supermarkets announced in July, take SUPR’s recent investment to £222m. The nine properties have been acquired at an average net initial yield […]

Living REIT

4 September 2026

Building from strength.

Custodian Property Income REIT

3 September 2026

Positive, income-led returns in Q127.

Invesco Asia Dragon

2 September 2026

IAD’s contrarian approach has led to a differentiated portfolio and excellent long-term returns.

HICL Infrastructure

2 September 2026

HICL is ready for the next twenty years.

Molten Ventures

1 September 2026

GROW’s true discount is even wider than the reported one.

Transaction in Own Shares

11/09/2026 - 17:40

Allianz Technology Trust

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Transaction in Own Shares

11/09/2026 - 17:31

Schroder AsiaPacific Fund

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Transaction in Own Shares

11/09/2026 - 17:28

Schroder BSC Social Impact

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Transaction in Own Shares

11/09/2026 - 17:28

Schroder Income Growth Fund

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Transaction in Own Shares

11/09/2026 - 17:27

The European Smaller Companies Trust

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Glossary

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