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.
Your Fund Choices 2019 provides comprehensive analysis on 201 actively managed Rated Funds and Investment Trusts selected by the Money Observer team of experts, as well as 66 passive choices. Every one has been rigorously reassessed to make sure that it still earns its place on the Money Observer Rated Funds shortlist.
Baillie Gifford has cut management fees on four of its investment trusts: Edinburgh Worldwide Investment, Pacific Horizon, Baillie Gifford Japan Trust and Baillie Gifford Shin Nippon.
The fee reductions have been made following a rise in assets under management for each trust, leading Baillie Gifford to pass on economies of scale to investors by lowering fees.
The Association of Investment Companies (AIC) is running an educational programme on saving for children in the run-up to Christmas. As part of the campaign the AIC will provide parents with animated videos, guides and a jargon buster.
It has also launched a competition to promote the benefits of saving for children with investment companies. Five prizes of £1,000 to invest in investment companies are available to be won.
Rosemary Banyard explains how her freedom and flexibility at her trust inspires her to make the most of market volatility.
Jennifer Hill examines which tax shelter works best at different life stages and which trusts advisers suggest.