Investment Trusts | Finance

F&C Capital and Income Investment Trust to issue further shares

At an Extraordinary General Meeting (EGM) on 6 October, F&C Capital and Income Investment Trust passed a resolution to allow it to issue up to 4,541,427 further shares (equivalent to 5.44% of the Company's share capital at 9 September 2009).

Impax to launch Asian Environmental Investment Trust

New research from Sainsbury's Loans reveals that there are currently just four lenders, of which it is one, offering an APR of less than 8% on unsecured loans on loan amounts between £5,000 and £15,000.

Viking triumph for FCPET

F&C Private Equity Trust has seen a £12.2m boost to its cash following the realisation of its largest direct holding, Viking Moorings.

F&C Commercial Property Trust restructure

New research from Sainsbury's Loans reveals that there are currently just four lenders, of which it is one, offering an APR of less than 8% on unsecured loans on loan amounts between £5,000 and £15,000.

BlackRock on the Brazilian market

Will Landers, manager of the BlackRock Latin American Investment Trust, said: "The ever growing middle class means that Brazil is becoming increasingly less dependent on exports for economic growth. Now that inflation has been contained, nominal interest rates are at historical low levels and we expect the Brazilian Central Bank to reduce nominal rates to below 10% for the first time in my lifetime. During President Lula's presidency, we have witnessed the emergence of a more solid middle class - 15 percent of the population that lived below the poverty line have moved up to the middle class and we now have 20 to 30 million people who weren't economically active a decade ago, now eligible for credit.

L&G’s Dynamic Bond Trust celebrates with OBSR rating

Legal & General's Dynamic Bond Trust (DBT), managed by Dickie Hodges, is celebrating two year's of trading following its anniversary on 30 April 2009.

No pain, no gain, says Foreign & Colonial Investment Trust’s Tigue

Continued exposure to private equity will have a negative impact on the performance of Foreign & Colonial Investment Trust in 2009, according to manager Jeremy Tigue.

JPMorgan European Fledgeling moves into micro caps

The JPMorgan European Fledgeling Investment Trust has doubled its weighting in micro cap stocks in the last two weeks.

Differences between Asia Pacific and Western market downturns

Fiona Barwick, Director of Regional Research of the Lincoln Far East Trust at Mondrian Investment Partners comments: "Asia Pacific governments are generally in a strong fiscal position with low levels of indebtedness and packages have been announced recently to try and stimulate growth. In China we have seen the largest package amounting to around 14% of GDP, whilst controls on bank lending have been relaxed. In Korea, Taiwan, Malaysia and Thailand fiscal stimulus of between 2 - 4% of GDP have been proposed.

Lean pickings in the quoted property sector

Quoted property companies are strange beasts. They talk a different language to the rest of the market. No mention of earnings and P/E ratios for them; it's all about NAV, ERV and triple NAV. So let's try and simplify things. Essentially, shareholders hand over money and expect the companies to use this to buy and sell properties and manage the property cycle to the best of their ability. Sell at the top and be in a position to buy at the bottom - simple really.

F&C Managed Portfolio Trust loads up on Asian dividends

F&C Managed Portfolio Trust, an innovative multi-manager investment trust launched last year to invest in closed-ended investment companies, has been building positions in Asian and other non-UK income funds in the search for attractive yield opportunities.

JPMorgan American Investment Trust increases risk in portfolio

The JPMorgan American Investment Trust has started increasing the level of risk in its portfolio. The change in the investment trust follows two years of the trust actively decreasing its risk exposure.

F&C Investment Trust re-enters the FTSE 100 Index

Foreign & Colonial Investment Trust has been promoted to the FTSE 100 index at the latest quarterly rebalancing. This means the £1.8bn trust is now one of the UK's 100 biggest companies, and is one of only two investment trusts to appear in the index, the other being Alliance Trust.

Selective opportunities emerge among Europe’s larger cyclical companies

Opportunities are starting to emerge among Europe's larger cyclical businesses, according to Cédric de Fonclare, manager of the Jupiter European Special Situations Unit Trust.

F&C investment trusts offer post-Budget advantage for top earners

Investors who will be hit by the new 50% top rate of income tax announced in last month's Budget could benefit from the innovative share structure of Investors Capital Trust, an income-focused investment trust managed by Rodger McNair at F&C Investments.

F&C US Smaller Companies puts in award-winning performance

F&C US Smaller Companies PLC has been named Best Small Companies Trust of 2008 in the 21st annual awards from Investment Trusts magazine.

Legal & General UK Alpha Trust tops the pile

Legal & General's UK Alpha Trust, managed by Richard Penny, was ranked the number one fund in the UK All Companies sector over three years to 31 March 2009.

JPMorgan European Fledgeling adds gearing

The JPMorgan European Fledgeling Investment Trust has added gearing of up to 108% in the last three weeks.The move to gearing has been made as the trust's managers, Jim Campbell and Francesco Conte, continue to capitalise on cheap investment opportunities.

Hat-trick of wins for Standard Life UK Smaller Companies Trust Plc

Leading fund manager, Standard Life Investments today announced that the Standard Life UK Smaller Companies Trust Plc has, for the third consecutive year, won the ‘UK Smaller Companies' category at Moneywise Investment Trust Awards 2009.

F&C Commercial Property Trust shareholders vote for continuation

At an extraordinary general meeting (EGM) on Friday 1 May, investors in F&C Commercial Property Trust voted overwhelmingly in favour of continuing the company.

Legal & General Multi Manager passes first year anniversary

Legal & General has recently passed the first anniversary (25 April) of its three Multi Manager funds. The Multi Manager Growth Trust, the Multi Manager Balanced Trust and the Multi Manager Income Trust - all co-managed by Alan Thein and Tim Gardner - we believe have significantly outperformed (net of all fees) their respective benchmarks over this twelve month period. Furthermore, both the Balanced and Income Trusts have achieved solid first quartile rankings, with Growth just shy of a first quartile position.