Compass: The AIC's monthly newsletter

Compass is off to a whirlwind start as we consider Saba’s proposals. Ian Cowie weighs up trusts under Trump and our first ever fantasy fund manager competition is up and running.

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Short-term volatility likely around US election but managers remain optimistic about opportunities

As tech rally broadens, healthcare, property and energy sectors stand out.

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Wealth managers more willing to go off buy list to use investment trusts

“Could be a good opportunity to buy in” as discounts still wide.

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Meet the manager: Dan Higgins

Manager of Majedie Investments.

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Power to the people

David Prosser explains the unique rights given to shareholders in investment trusts compared to other funds.

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Winners of the AIC Shareholder Communication Awards 2024

The awards recognise exceptional shareholder communication by AIC member investment trusts and their managers.

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Breakthrough on cost disclosure for investment companies

AIC responds to HMT’s release, ‘Reforms to Financial Services retail-disclosure requirements’ and the FCA’s ‘Statement on forbearance in relation to investment trust disclosure requirements’.

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Winners of the AIC Media Awards 2024

Full list of winning journalists below.

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Winners of Shareholder Engagement Awards announced

Interactive investor and AJ Bell victorious.

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Join us at the Investment Company Showcase on 11 October

Join in person or online to hear from the UK’s leading fund managers.

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Follow the crowds, or play the contrarian?

David Prosser asks which funds are currently catching investors’ eyes.

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AIC proposes partnership funds to boost UK growth and deliver labour government’s objectives

Cornerstone investment from National Wealth Fund could crowd in private capital.

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Venture capital trusts get break they deserve

The VCT scheme has been extended to 2035.

Thematic research

Third-party thematic research on investment companies can be found below.

A new Jerusalem.

22 January 2025

Dividend increases and share buybacks are good news for UK equities according to our analysts - who think those dark Satanic mills could delivery world-beating returns.

Are commodities hot or not?

12 December 2024

We ask what AI and green energy mean for investments in commodities.

Quality will out

5 December 2024

Alternative income trusts offer diversification, but stick to high quality.

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VH Global Energy Infrastructure monitoring impact of tariffs on Mexico

VH Global Energy Infrastructure has issued a statement on the impact of tariffs on its Brownsville fuel terminals in Texas. The Brownsville plant imports oil slurry from Mexico and refines that into a useful product. If it has to pay an extra 25% tariff on the slurry that it imports, that would have a significant […]
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JPMorgan EMEA beats benchmark but still overshadowed by events in Russia

JPMorgan Emerging Europe Middle East and Africa has published results covering the 12 months ended 31 October 2024. Pleasingly, the trust beat its benchmark (S&P Emerging Europe, Middle East & Africa) by 1.7 percentage points, returning 13.6% on NAV to the index’s 11.9%. However, the share price continued its usual volatile and unpredictable path and […]
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QuotedData’s morning briefing 4 February 2025 – MGCI, BNKR, SRE, GPE

In QuotedData’s morning briefing 4 February 2025: M&G Credit Income (MGCI) is convening a meeting on 27 February to approve the issue of up to 31,002,226 shares (20% of its issued share capital). The company has already issued 9.6m shares since its AGM in 2024 and was running out of room to issue more. [It […]
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Saba loses Keystone Positive change too!

Keystone Positive Change says that at its general meeting, over 60% of the votes cast were against Saba’s requisitioned resolutions. Excluding the votes Saba cast in favour of its own requisitioned resolutions (representing 1,650,762 votes and approximately 38.87% of the votes cast), only a further 33,845 votes, representing just 0.80% of the votes cast, were […]
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Baillie Gifford US Growth sees off Saba by strong margin

Baillie Gifford trust becomes the second to win an initial victory against Boaz Weinstein's hedge fund firm.

Schroder Japan Trust

3 February 2025

SJG has outperformed the index in Masaki's first five years in charge.

Edinburgh Worldwide

31 January 2025

QuotedData's Weekly News Show - Douglas Brodie from Edinburgh Worldwide.

Apax Global Alpha

31 January 2025

AGA passed inflexion point with deal activity rising.

Baillie Gifford European Growth

30 January 2025

Kepler Trust Intelligence: New Research.

ICG Enterprise Trust

28 January 2025

Unique approach to capital allocation.

BlackRock Income and Growth Investment Trust Plc - Compliance with Listing Rule 15.6.8R

04/02/2025 - 11:20

BlackRock Income & Growth

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Pacific Assets Trust plc - Holding(s) in Company

04/02/2025 - 10:20

Pacific Assets Trust

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Holding(s) in Company

04/02/2025 - 11:10

CVC Income & Growth Limited

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BlackRock Throgmorton Trust Plc - Disclosure of Portfolio Holdings

04/02/2025 - 09:50

BlackRock Throgmorton Trust

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Global Opportunities Trust Plc - Holding(s) in Company

04/02/2025 - 09:50

Global Opportunities Trust

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Glossary

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