Compass: The AIC's monthly newsletter

This month in Compass, we’re asking for your help. Get behind our campaign to defend shareholder democracy, and we assess the impact of Trump’s tariffs on trusts.

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AIC comments on Baillie Gifford US Growth and Keystone Positive Change votes

At both general meetings shareholders have voted against Saba’s proposals.

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Longest period of double-digit discounts for 30 years presents investors with opportunity

Previous periods of deep discounts have led to 13% p.a. returns in next five years.

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Start saving to make a million

David Prosser explains how filling your ISA allowance each year could pay dividends.

Lappin's biggish issue, featuring Annabel Brodie-Smith

John Lappin talks to the The Association of Investment Companies (AIC) communications director Annabel Brodie-Smith about Saba's proposals, the long-term implications for the investment trust sector and why she’s urging shareholders to vote.

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Renewable Energy Infrastructure Outlook | Winterflood Conference 2025

The managers of Downing Renewables & Infrastructure and Foresight Environmental Infrastructure explain their capital allocation policies at a time of higher rates and...

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UK Equity Income Outlook | Winterflood Conference 2025

The UK is out of favour with investors so what might be the catalysts for a re-rating? Giving their views on the outlook for domestic equities are Simon Gergel of The Mer...

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Greencoat UK Wind | Winterflood Conference 2025

Manager Stephen Lilley discusses how to achieve diversification within his investment theme and talks through co-investment opportunities in a sector where the government...

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Henderson European Trust | Winterflood Conference 2025

Jamie Ross and Tom O'Hara, Fund Managers of Henderson European Trust sit down with Mark to discuss the potential of European markets, highlighting undervalued opportuniti...

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Ruffer Investment Company | Winterflood Conference 2025

Duncan MacInnes of Ruffer Investment Company shares insights on US market concentration, global investment opportunities, and portfolio strategies at the Winterflood Inve...

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UK Small Cap Outlook | Winterflood Conference 2025

The sector is on distressed valuations but the outlook is far from bleak. So claim the managers of JPMorgan UK Small Cap Growth & Income and Odyssean Investment Trust...

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Impax Environmental Markets | Winterflood Conference 2025

Jon Forster discusses the impact of a Trump presidency on environmental markets, portfolio performance challenges, and future opportunities in electrification, climate ad...

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Fidelity China Special Situations | Winterflood Conference 2025

Dale Nicholls from Fidelity China Special Situations discusses the investment potential in China amid economic challenges, highlighting innovative companies like Hesai an...

Thematic research

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

Anchors away! Sailing the seas in search of a safe haven

14 May 2025

Will new safe havens create new equity market opportunities?

Investing in commodities

12 May 2025

How investment trusts can provide exposure to the long-term growth drivers for commodities.

Investing in Asia with investment trusts

8 May 2025

How investment trusts provide exposure to the growth story in Asia.

Murray Income Trust: the unswerving search for quality

By Charles Luke, Manager, Murray Income Trust.
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Lowland tips UK smaller companies to switch from hindrance to help

An outsized weighting to smaller companies has held back Lowland's returns but tariff uncertainty and rate cuts should help catalyse a recovery in the sector, say the fund managers.
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Stable quarter brings relief for hard-hit HydrogenOne

Investors in HydrogenOne Capital Growth saw some stability restored after a tough 2024. However, the trust's 74% discount remains a challenge.
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Direct approach sees ICG Enterprise come roaring back to life

Private equity investor ICG Enterprise has staged an impressive comeback, delivering full-year portfolio growth five-times higher the year before.
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NextEnergy Solar will maintain its dividend

NextEnergy Solar Fund says its board has approved a maintained dividend target of 8.43p per share for the financial year ending 31 March 2026. This is forecast to be covered in a range of 1.1x – 1.3x by earnings post-debt amortisation and the company can be reasonably comfortable making this prediction because there is a […]

BH Macro

15 May 2025

BHMG delivers a solid performance for 2024.

BH Macro USD

14 May 2025

BHMG delivers a solid performance for 2024.

Octopus Renewables Infrastructure

14 May 2025

ORIT shows the tangible benefits of asset diversification.

Baillie Gifford Shin Nippon

14 May 2025

BGS has unveiled a strong package of measures to spark a recovery.

Schroder Income Growth Fund

14 May 2025

SCF is rebalancing the pattern of income, ensuring a more consistent, even spread over the four interims throughout its FY2025 and beyond.

Director/PDMR Shareholding

15/05/2025 - 17:49

Manchester & London

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Transaction in Own Shares

15/05/2025 - 17:46

Smithson Investment Trust

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Transaction in Own Shares

15/05/2025 - 17:37

GCP Infrastructure Investments

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Transaction in Own Shares

15/05/2025 - 17:37

BlackRock Greater Europe

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Transaction in Own Shares

15/05/2025 - 17:35

Fidelity Asian Values

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Glossary

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

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