Compass: The AIC’s monthly newsletter

This month in Compass, it’s all about elections. Ian Cowie crosses the pond, biotech managers talk US politics and we examine how UK trusts fared under different governments.

Latest articles, press releases and videos

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Why highly geared trusts are optimistic on UK markets

With the FTSE 100 hitting record highs, investment trusts with higher levels of gearing are well placed to take advantage of a UK stock market recovery.

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The Armchair Trader Podcast: Annabel Brodie-Smith explains the world of investment trusts

Host Stuart Fieldhouse is joined on this podcast episode by Annabel Brodie-Smith. Annabel explains the world of investment trusts for the complete beginner: what are investment trusts and why should you have them in your portfolio?

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Investment trusts on SDR and the anti-greenwashing rule

The AIC has collated comments from investment trusts on how SDR and the anti-greenwashing rule will impact them and the wider industry.

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Time to look close to home?

The UK market shows great promise for investors, says David Prosser.

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Investment trust recommendations for pension savers and retirees

Financial advisers suggest trusts for the accumulation and decumulation stages.

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Go smaller for income

Trusts investing in smaller companies could be worth a look for income investors, says David Prosser.

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Meet the manager: Simon King

Fund Manager of Octopus Future Generations VCT.

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Investment Trust Update | April 2024

In this Investment Trust Update, our host Rory Palmer discusses Pantheon Infrastructure Trust's impressive NAV growth, Elliott Investment Management's 5% stake in Scottis...

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Adding to the size of the cake

David Prosser on whether share issues could be a cause for optimism.

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India’s general election

Will more of the same be good for markets?

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VCT fundraising is third highest on record

VCTs raise £882 million in 2023/24 tax year to invest in fast-growing companies.

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Buyback bonanza

Cherry Reynard analyses the buyback boom.

Thematic research

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

From riches to rags to riches, is this time really different for Japan?

2 May 2024

Japan's decade-long corporate governance push is finally leading to significant improvements to underlying Japanese businesses...

Pretty, pretty, pretty good

17 April 2024

Do investment trusts really protect capital and income against inflation? Lets take a look...

Micro-managing

11 April 2024

What opportunities exist in the smallest part of the UK market?

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BioPharma Credit announces senior loan to Novocure for up to US$400m

BioPharma Credit (BPCR) is providing debt financing to Novocure Luxembourg S.a.r.l. through a senior secured loan agreement. BPCR will invest up to US$200m and BioPharma-V will invest up to an additional US$200m in parallel, with BPCR acting as collateral agent. Under the terms of the transaction, the Company will invest up to US$200m across four tranches: Tranche […]
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QuotedData’s morning briefing 3 May 2023 – USF

In QuotedData’s morning briefing 3 May 2023: US Solar Fund (USF) has published a circular with details of the tender offer that it announced on 24 April 2024 that it is proposing to use as a means of returning capital to shareholders. The proposed tender price of $0.764 per share, which is equivalent to the 31 […]
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‘Buy’ Temple Bar as bids and buybacks provide the catalyst UK badly needs

‘Valuation agnostic selling’ by investors has depressed the UK stock market but a rebound is on the cards and this equity income trust is a good way to play it.
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UK bid frenzy drives Fidelity Special Values ahead of benchmark

Five of the UK investment trust’s top-10 performers attracted takeover approaches or speculation in the trust’s half-year to February, says fund manager Alex Wright.
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UK ‘dislocation’: Schroder Income Growth makes first buyback in 16 years

UK equity income trust’s one share transaction is not much but, seen in the context of £100bn of company share buybacks and a surge in bids, it shouts the extreme value in domestic stocks.

Schroder Income Growth

1 May 2024

Results analysis from Kepler Trust Intelligence.

Greencoat UK Wind

1 May 2024

Flash update from Kepler Trust Intelligence

Vietnam Enterprise Investments

30 April 2024

Results analysis from Kepler Trust Intelligence.

Mercantile

30 April 2024

MRC's performance has recovered, yet the trust remains at a wide discount.

Merchants Trust

30 April 2024

Celebrating its 135th anniversary 

Weiss Korea Opportunity Fund - Annual Report and Audited Financial Statements for the year ended 31 December 2023

02/05/2024 - 18:30

Weiss Korea Opportunity Fund

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Result of AGM

02/05/2024 - 19:20

RIT Capital Partners PLC

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Transaction in Own Shares

02/05/2024 - 19:20

BioPharma Credit PLC

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BlackRock Greater Europe Investment Trust Plc - Half-year Report

02/05/2024 - 18:20

BlackRock Greater Europe

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BlackRock Throgmorton Trust Plc - Transaction in Own Shares

02/05/2024 - 18:00

BlackRock Throgmorton Trust

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Glossary

Familiarise yourself with industry terminology.

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