UPDATE: We have since published separate profiles of all three of these trusts. We look at three UK equity income trusts that have undergone significant changes in the last year or so -- Murray Income, Temple Bar, and Edinburgh Investment Trust -- to see how they have fared since their boards took action.
Few sectors have struggled as much as UK Equity Income in the last few years. Even after its recent strong showing on the back of multiple vaccine breakthroughs and gradual economic reopening, returns lie near the bottom of the pile of equity-focused sectors over the last five and ten years...
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UPDATE: A revised version of this profile was published in June 2025.
On 2 July 2021, the board of Genesis Emerging Markets (GSS), the third-largest emerging markets trust valued at £1.1bn, surprised many people with the news that it planned to appoint the well-regarded emerging markets team at Fidelity International as its new manager. Here we look at what's being proposed and just how much emerging-market investing has changed over the last three decades.
Many investors have probably never heard of Genesis Emerging Markets and that's a big factor behind its board's decision to switch the t...
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We round up some notable events and significant movers across the world of investment trusts in the first half of 2021.
It was a decent half-year for global stock markets with the MSCI All Country World Index up 11.4% in pound terms, not far short of its 13.2% return over the whole of 2020. In the UK, the FTSE All-Share returned 11.1% while the FTSE All-Share Equity Investment Trust Index, a decent proxy for the investment trust sector that includes nearly 200 trusts, rose 6.9%. The total amount of assets in the sector topped £250bn for the first time, reaching £256bn as of the end of June 20...
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