Investment Companies News
Templeton ready for volatility
Mark Mobius, manager of the Templeton Emerging Markets investment trust, said strong economic growth and low inflation continue to support the outlook for emerging markets. Cherry Reynard reports...
Lowland on high ground
Research by broker Wins suggests Lowland Investment trust may struggle to retain its premium rating given manager James Henderson's dip in relative performance this year. Cherry Reynard reports...
Templeton opens up
Franklin Templeton has opened its Luxembourg-registered Templeton Emerging Markets Smaller Companies SICAV to UK investors with a sterling-denominated share class. Cherry Reynard reports...
Shires Income NAV falls
The exposure of Shires Income investment trust to preference shares led to a fall in net asset value over the first six months of the year. Cherry Reynard reports...
Henderson Far East promise
Mike Kerley, manager of Henderson Far East Income, says that Asian markets have been buoyed by strong global economic performance and improving domestic demand. Cherry Reynard reports...
Henderson Eurotrust halo slips
Tim Stevenson broke his five year run of outperformance at the helm of the £126m Henderson Eurotrust as he failed to keep pace with booming markets. Cherry Reynard reports...
Finsbury Growth expects more M&A
Nick Train, manager of the £160m Finsbury Growth & Income trust, believes merger mania is far from over, but the key buyers are likely to be corporates rather than private equity. Cherry Reynard reports...
Value & Income seeks excitement
Angela Lascelles, investment manager of the Value and Income Trust, believes equities markets currently offer an exciting opportunity to get fully invested. Cherry Reynard reports...
F&C Commercial Property vote
Poor sentiment towards the waning commercial property market is causing problems for the F&C Commercial Property trust, forcing it to convene an EGM to weigh up the future for the company. Cherry Reynard reports...
AShires Smaller Cos beats benchmark
In its first set of results since manager Glasgow Investment Managers was taken over, Shires Smaller Companies investment trust beat its benchmark for the six months to 30 June. Cherry Reynard reports...
City of London is capital
The City of London investment trust reaped the benefits of both gearing and stock selection as it outperformed its benchmark and the FTSE All Share for the year to 30 June. Cherry Reynard reports...
Witan justifies its strategy
The £1.11bn Witan investment trust's multi-manager approach is now three years old, and has been vindicated by recent performance, but some of the managers did not survive a strategic review in July. Cherry Reynard reports...
SVM UK Active uses its resources
Gearing has dented the performance of the SVM UK Active fund in the recent market downturn, but manager Colin McLean's resources theme has buoyed fund performance over the longer-term. Cherry Reynard reports...
Murray International underperforms
Murray International underperformed its benchmark for the six months to 30 June, hit by its Japanese and fixed interest holdings. Cherry Reynard reports...
Schroder funds with Eastern promise
Matthew Dobbs, manager of the Schroder Asia Pacific investment trust, has reduced gearing on the fund, saying that while growth prospects remain strong for the region, there are some external risks. Cherry Reynard reports...
