Exclusive to subscribers to the Money Makers Circle Contents - What's new this week - Latest trust profile - Trust news over the past week - Recent issuance and buybacks - Good reads - Video reviews - This week's biggest movers - Z-scores - Investment Trusts Handbook - Appendices
What's new this week On the podcast this week, I take time out to explore the debt sector with Twenty Four Income (TFIF), in the person of the chairwoman, Bronwyn Maddox and manager Aza Teeuwen. There is no avoiding some of the technical jargon, but we discuss how the trust has been able to produce consistent returns...
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Montanaro UK Smaller Companies (MTU) was launched in 1995, and for all but five years from 2011 to 2016, it has been managed by Charles Montanaro, a keen anthropologist, who recently turned 70. MTU owns a fairly concentrated portfolio of "well-managed, focused, high-quality, growing companies bought at sensible valuations." Like many quality-style small-cap trusts, performance has lagged since 2021. However, since its IPO, NAV returns have been around 7.5% a year, around one percentage point a year better than its benchmark. MTU switched to a 1.0% per quarter enhanced dividend policy in 2018, ...
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Contents As the content of the weekly email continues to expand (and we aspire to offer you the most comprehensive range of independent information for anyone interested in investment trusts), from this week we have added a set of content links, just below this paragraph, that can take you quickly to the different sections of the email. We will be adding yet further new content to the email over the next few weeks and while it should still be very straightforward to scroll through in one go, you might find it helpful to be able to skip from one part to the other directly. Feedback is welcome, ...
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