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.

Latest articles, press releases and videos

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AIC launches enhanced Pathway website for aspiring investment trust directors

Website designed to broaden the pool of talent available to investment trust boards.

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Experts reveal their favourite investment trusts for an ISA

Tips for cautious, moderate and adventurous investors.

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“Unless the FCA steps up this could happen again and again”

AIC responds to Edinburgh Worldwide’s proposed tender offer.

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Fantasy fund manager: big gains despite the geopolitical backdrop

Our contestants see double-digit returns on many trusts as bets on commodities and emerging markets pay off.

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How women are giving investment trusts an edge

David Prosser on how female directors could be improving returns.

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Investment trusts: how to profit from the world’s most dynamic private companies

See table of trusts with exposure to SpaceX, ByteDance, Revolut and other potential IPOs.

Pension Schemes Bill: Baroness Bowles warns on exclusion of investment companies

Baroness Sharon Bowles discusses the Pension Schemes Bill and its proposed exclusion of investment companies.

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AIC welcomes FCA listing rules review

Regulator will be considering shareholder rights and conflicts of interest.

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Female representation hits 42% on investment trust boards but lags behind in fund management

Industry “has to be honest with itself”.

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AIC calls for immediate reinstatement of 30% VCT income tax relief

Danger of “collapse in scale-up funding” if government does not reverse decision.

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Why the fire horse may herald the year of the China investor

David Prosser on the positive outlook for Chinese equities.

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The time has come for Saba to “do the decent thing” and respect shareholders’ views

AIC calls on Boaz Weinstein to respect other shareholders in Herald, Impax Environmental Markets and Edinburgh Worldwide.

Thematic research

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

Why the best emerging market opportunities aren’t always the biggest

7 August 2026

Emerging markets have been powered by a handful of technology giants, but opportunities extend far beyond the biggest names. Discover three lesser-known companies benefiting from long-term trends in infrastructure, banking and artificial intelligence, and see how active investors can uncover hidden growth opportunities across the region.

Bubble, bubble, toil and trouble

5 August 2026

With ongoing questions over the AI rally, we look at what could protect you should the bubble burst.

A World Cup style review

14 July 2026

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Pershing Square adds six new positions in ‘disappointing’ first half

Bill Ackman’s £6.7bn investment trust fell 12.6% over the first six months of the year, but it was one of the fund's most active dealmaking periods on record.
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Baillie Gifford and RIT set for ‘significant uplift’ from Anthropic IPO

The artificial intelligence company’s valuation could more than double if it hits $2tn as markets anticipate.
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Why JPMorgan Claverhouse remains positive on the prospects for the UK market

Investment trust JPMorgan Claverhouse (LON:JCH) lagged the benchmark in the six months to June 2026. Weakness in Serco (LON:SRP), Dunelm (LON:DNLM) and ICG (LON:ICG) impacted the fund’s relative performance.
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Morning briefing: Pershing Square stumbles, BIPS expands, plus CYN, JCH

Pershing Square had a poor first half of 2026. In total return terms, its NAV fell by 12.6% and share price by 23.9% in a period where the S&P 500 Index rose by 10.2%. An additional $100m buyback was authorised in May 2026 as the discount widened (over the period it went from 24.1% to […]
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Tufton: ‘We’re not going back to status quo’ even if Hormuz reopens

Disruption in the Middle East will permanently reshape global trade routes, according to Tufton Assets manager Nikos Petrakakos.

TR Property

12 August 2026

TRY’s strong earnings growth is a sign of the continued recovery in pan-European property.

Target Healthcare REIT

11 August 2026

Strong FY26 underpins strong share price.

Dunedin Income Growth

10 August 2026

DIG has raised its dividend every year since 2011, beating inflation.

BlackRock Smaller Companies

10 August 2026

Investing in UK small caps with investment trusts.

BlackRock Smaller Companies

7 August 2026

BRSC’s transformative year has made it more shareholder friendly.

Transaction in Own Shares

13/08/2026 - 17:33

Henderson Smaller Companies

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Transaction in Own Shares

13/08/2026 - 17:30

Foresight Solar Fund

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Transaction in Own Shares

13/08/2026 - 17:29

BlackRock Greater Europe

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Transaction in Own Shares

13/08/2026 - 17:27

Schroder Income Growth Fund

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Transaction in Own Shares

13/08/2026 - 17:25

The European Smaller Companies Trust

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Glossary

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

Research tools

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Invest & engage

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.