This is our weekly roundup of investment trust announcements and data. The tables with the week's biggest gainers, losers and discount changes, courtesy of Numis Securities, is below the summary of the week's trust news. If there are trusts you are interested in, the links in the last section will take you to the relevant London Stock Exchange announcement. The percentage figures in this list show the share price responses on the day of the announcement. Please note that the charts and weekly and year to date performance data were correct as of Friday (not Saturday) morning.
This week's ne...
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UPDATE: A revised version of this profile was published in August 2025.
Odyssean Investment Trust launched in May 2018 and it has been one of the best-performing UK small-cap investment trusts since its IPO. It has a highly concentrated portfolio and a strict valuation discipline, seeking out-of-favour quality companies mostly in the £100m to £1bn market cap range. Its managers, Stuart Widdowson and Ed Wielechowski, both used to work in private equity at HgCapital and Odyssean uses a similar approach, actively engaging with company management and encouraging them to take the steps needed to g...
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This is our weekly roundup of investment trust announcements and data. The tables with the week's biggest gainers, losers and discount changes, courtesy of Numis Securities, is below the summary of the week's trust news. If there are trusts you are interested in, the links in the last section will take you to the relevant London Stock Exchange announcement. The percentage figures in this list show the share price responses on the day of the announcement. Please note that the charts and weekly and year to date performance data were correct as of Friday (not Saturday) morning.
This week's ne...
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UPDATE: A revised version of this profile was published in April 2025.
HgCapital, a specialised private equity trust, has been one of the stellar performers of the last few decades, posting an annual net asset total return of 14.3% over the last 20 years. It's become increasingly focused on tech investments, particularly software and services, and often trades at a premium to net assets unlike much of the rest of the private equity sector.
Private equity has often been a difficult sector to navigate for fans of investment trusts. The charges are very high and it can be hard to get much deta...
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This is our weekly roundup of investment trust announcements and data. The tables with the week's biggest gainers, losers and discount changes, courtesy of Numis Securities, is below the summary of the week's trust news. If there are trusts you are interested in, the links in the last section will take you to the relevant London Stock Exchange announcement. The percentage figures in this list show the share price responses on the day of the announcement. Please note that the charts and weekly and year to date performance data were correct as of Friday (not Saturday) morning.
This week's ne...
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UPDATE: A revised version of this profile was published in January 2025.
Unlike most property trusts, the vast majority of TR Property's investments are UK and Continental European listed property companies rather than direct holdings of physical property. It boasts an excellent long-term track record, both in terms of share price appreciation and dividend growth, and has a long-standing management team led by Marcus Phayre-Mudge.
The AIC lists nearly 40 property trusts across eight different sub-sectors. The majority of them invest primarily in the UK, specialising in either commercial pro...
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This is our weekly roundup of investment trust announcements and data. The tables with the week's biggest gainers, losers and discount changes, courtesy of Numis Securities, is below the summary of the week's trust news. If there are trusts you are interested in, the links in the last section will take you to the relevant London Stock Exchange announcement. The percentage figures in this list show the share price responses on the day of the announcement. Please note that the charts and weekly and year to date performance data were correct as of Friday (not Saturday) morning.
This week's ne...
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UPDATE: A revised profile for this trust was published in March 2025.
Baillie Gifford US Growth launched in 2018, making it the first new Baillie Gifford trust to list since Baillie Gifford Shin Nippon in 1985. Modelled on the popular open-ended Baillie Gifford American fund, US Growth also invests in unlisted companies and it has been one of the best-performing investment trusts on the London market since its IPO. It's consistently traded at a small premium but in common with most other Baillie Gifford trusts, it's been a pretty volatile ride.
2018 was the last year that we saw a significan...
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This is our weekly roundup of investment trust announcements and data. The tables with the week's biggest gainers, losers and discount changes, courtesy of Numis Securities, is below the summary of the week's trust news. If there are trusts you are interested in, the links in the last section will take you to the relevant London Stock Exchange announcement. The percentage figures in this list show the share price responses on the day of the announcement. Please note that the charts and weekly and year to date performance data were correct as of Friday (not Saturday) morning.
This week's ne...
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UPDATE: Fundsmith returned +22% in 2021, -14% in 2022, +12% in 2023, +9% in 2024, +1% in 2025, and 0% from January to August 2026, well behind global equity returns and reducing its annualised returns since inception to 13.2% a year versus 12.4% for the MSCI World Index. Smith's half-year update for 2026 contained details of numerous portfolio changes following a shift in its strategy to take more heed of business momentum. He covered this in more detail in his 2026 half-year webinar.
Fundsmith Equity Fund and its forthright manager Terry Smith need little introduction. Launched in November 2...
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