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 morning.
This week's news With the marke...
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Jonathan Davis I wasn't expecting to write anything this week but could not refrain from a couple of short comments. The only other subscriber content this week is the regular trusts and data page. The podcast this week features an interview with David Lough, the author of wonderful book about Winston's Churchill's way with money - a cautionary tale if ever there was one. A reminder that Money Makers now also has its own Twitter feed - link here. Seasons greetings to everyone; may your investment trusts never lose value!
Year one in retrospect Simon Elliott and I will be looking back at the...
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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 morning.
This week's news Markets move...
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Our latest Q and A for premium subscribers is with Pedro Gonzalez de Cosia, the CEO of Pharmakon, the manager of BioPharma Credit, a specialist loan provider to life sciences companies. The trust has recently announced it is moving from the specialist segment to the main market in London. The trust is managed out of New York and was launched in March 2017, so is coming up shortly to its fifth anniversary. Given its 7.2% yield, it has been on my radar for a few weeks now as a candidate for the income portfolio (and my SIPP).
The Q and A recording is here.
In my own portfolios I have until r...
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UPDATE: A revised version of this profile was published in February 2025.
Worldwide Healthcare Trust is one of the oldest specialist equity trusts. It has been managed by OrbiMed Partners (and its predecessor firm) since it joined the London market in 1995 and it boasts a formidable long-term track record. As of 30 June 2021, it had returned 15.9% annualised compared to 12.2% from the MSCI World Healthcare Index. However, 2021 has been a more difficult year with biotech and Chinese holdings dragging down its performance. Nevertheless, with its shares regularly trading at a premium, it has man...
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Jonathan Davis Stuart Watson's fund profile this week looks in depth at Worldwide Healthcare. My notes look back over the first year of the Money Makers circle and highlight what might be coming next. This week saw the publication of the latest annual edition of the Investment Trusts Handbook, the fifth in the series. and has got off to a good start, with more than 1,000 copies of the e-book being downloaded in the first three days. Money Makers now also has its own Twitter feed - link here. My latest Q and A is with BioPharma Credit, a specialist trust that lends money to life sciences compa...
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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 morning.
This week's news There was pl...
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Jonathan Davis Stuart Watson's fund profile this weekend looked in depth at Mid Wynd, the global equity trust which has been managed by Simon Edelsten and his colleagues at Artemis since 2014 and is a longstanding favourite of mine. My notes cover the Unicorn AIM VCT and one or other two items that have caught my eye this week. As we come up to the first anniversary of the Money Makers circle, Money Makers now also has its own Twitter feed - link here.
Keeping an eye on AIM The news that Interactive Investor, the platform for retail investors, is to be acquired by Aberdeen Asset Management is...
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UPDATE: A revised version of this profile was published in October 2024.
Mid Wynd International is one of a select group of global trusts that has established a decent track record of beating world markets. While it was listed in 1981, it can trace its roots back to the late 1700s and a textile business set up by the Scott family who still own shares in the trust today. It has been managed by the Global Select team at Artemis, comprising of Simon Edelsten and Alex Illingworth, since 2014 and it runs a fairly diverse portfolio of 55-75 stocks, usually split over eight to ten different themes. ...
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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 morning.
This week's news It was anoth...
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