City of London investment trust (IT) has moved to reassure shareholders it will be in a position to increase its dividend for the 54th consecutive year, despite the dividend drought that has emerged following the steep market sell-off over the past six weeks.
One of the big lessons for fund investors over recent years has been that open-ended property funds are not fit for purpose, points out Tom Becket, chief investment officer at Punter Southall Wealth.
In the podcast below, Becket explains why he would never invest in an open-ended property fund, on the grounds that the structure is not suitable for retail investors.
Over the past couple of years investment trust investors have not needed to broaden their horizons in pursuit of potentially mispriced discount opportunities, but at the start of 2020 the UK has lost its crown as being the most loathed stock market in the world.
The ‘vote of confidence’ is something that is dreaded by football managers, as it more often than not marks the beginning of the end.
Unlike the owners of football clubs, investment trust boards are not in the business of making contradictory statements; they are much franker when performance is not living up to expectations.
It is that time of year once again when billions of pounds will be handed over by consumers on the hunt for Black Friday bargains. But as far as investors are concerned, bargain-hunting is not reserved for just one day of the year – particularly for those who are fans of investment trusts.
JPMorgan Global Core Real Assets (JARA) has raised £148.9 million of its £150 million target, ahead of listing on the London Stock Exchange on 24 September.
The clue is in the name, but the fans of Neil Woodford who bought into his investment trust at launch four years ago have had their patience sorely tested.
JP Morgan Asset Management has joined the growing number of fund managers moving to offer a new home for holdings invested directly with them.
The firm is giving its 33,000 direct fund investors – those who invest in its open-ended funds – the option to transfer to Hargreaves Lansdown. No transfer charges will be levied.