Can AI mania be justified? No, says financial historian Edward Chancellor, author of a definitive history of past speculative excesses, from the South Sea Bubble onwards, and a brilliant recent book, The Price of Time, about the folly of sustained low interest rates. An earlier version of this article first appeared on the online financial website, Reuters Breakingviews, and is reproduced with the author's permission.
AI - off the rails? The excitement about artificial intelligence is matched only by the technology’s voracious investment needs. Total investment in AI is set to top $1 trilli...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
This is the fourth in our new regular weekly feature, an email to subscribers that summarises both our latest thoughts and all the regular bonus features you will find as a premium subscriber to the Money Makers Circle. Thank you again for the positive feedback, but do feel free to continue sending your thoughts (to editormm124@gmail.com). This week's email is abbreviated because of the holiday period. New features that will be added week by week over the coming weeks include lists of my favourite funds, sector and individual trust performance notes and videos, interesting reads plus my guide ...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
This is our weekly roundup of investment trust announcements, movers, and forthcoming dividend and ex-dividend dates. The tables with the week's biggest gainers, losers and discount changes, courtesy of Numis Securities follow. Most of the usual data from Winterflood and Buchanan is unavailable this week due to the festive break, but this information will return in the new year. The final table at the bottom of the article from Winterflood shows upcoming dividend payments. Please note that the charts and weekly and year-to-date performance data were correct as of Friday morning.
The Winterfl...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
This is the third in our new regular weekly feature, an email to subscribers that summarises both our latest thoughts and all the regular bonus features you will find as a premium subscriber to the Money Makers Circle. Thank you for the positive feedback, all of it helpful, but do feel free to continue sending your thoughts (to editormm124@gmail.com) and suggest any improvements to the regular features in which you are interested. New features that will be added week by week over the coming weeks include lists of my favourite funds, sector and individual trust performance notes and videos, int...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
This is our weekly roundup of investment trust announcements, movers, and forthcoming dividend and ex-dividend dates. The tables with the week's biggest gainers, losers and discount changes, courtesy of Numis Securities follow along with a table from Winterflood showing recent aggregate sector movements. If there are trusts you are interested in, the links in the list of news each day will take you to the relevant London Stock Exchange announcement. The percentage figures in this list show the trust's discount/premium to NAV on the day of the announcement. The final table at the bottom of the...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
UPDATE: On 18 September 2026, JUGI said it planned to combine with Aberdeen UK Smaller Companies Growth (AUSC), which had a market cap of around £215m at the time. The deal is expected to complete around the end of 2026, with AUSC shareholders being offered a cash exit at a 2% discount for up to 35% of its shares. JUGI plans to cut the management fee on the first £200m of its net assets from 0.65% to 0.6% upon completion. JUGI's NAV returns were 28.4% for the year ended July 2024 and 0.6% for 2025, versus benchmark returns of 13.2% and 2.5%. For the six months to January 2026, it returned 5.3%...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
This is the second in our new regular weekly feature, an email to subscribers that summarises both our latest thoughts and all the regular bonus features you will find as a premium subscriber to the Money Makers Circle. The new look has attracted a lot of positive feedback, but do feel free to send your thoughts (to editormm124@gmail.com) and suggest any improvements to the regular features that you are interested in. New features that will be added week by week over the coming weeks include lists of my favourite funds, sector and individual trust performance notes and videos, plus my guide to...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
This is our weekly roundup of investment trust announcements, movers, and forthcoming dividend and ex-dividend dates. The tables with the week's biggest gainers, losers and discount changes, courtesy of Numis Securities follow along with a table from Winterflood showing recent aggregate sector movements. If there are trusts you are interested in, the links in the list of news each day will take you to the relevant London Stock Exchange announcement. The percentage figures in this list show the trust's discount/premium to NAV on the day of the announcement. The final table at the bottom of the...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
Update (Oct 2026): Andy Ho, VOF's lead manager, passed away in June 2024, with Khanh Vu, his deputy, taking over the role in early 2025. From 1 July 2026, the trust cut its fees from 1.3% to 1.2% on the first $500m, then 0.8% to $1.5bn, and 0.5% thereafter, while also revising its performance fee so that it is based on the FTSE Vietnam All-Share Index rather than a 10% hurdle rate. VOF returned +7.8% in the year to June 2024, -2.2% to June 2025, and +12.8% in the six months ended December 2025. Performance has lagged the Vietnamese market over the last couple of years, due to a lack of exposur...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
This is the first of what we plan to be a regular weekly feature, which we are also sending directly to members in an email, summarising both my latest thoughts and all the regular bonus features you will find as a premium subscriber to the Money Makers Circle. I am grateful to you all for your support since we started. Do feel free to send me feedback (editormm124@gmail.com) and suggest any improvements to the regular features that you are interested in. It has been another positive week for both bonds and equities, with longer-dated gilts seeing their yields decline and the US and UK equity ...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
© 2026 Money Makers