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...However, the fund has beaten the MSCI World index on an annualised basis since its inception in 2010, returning 15.3 per cent compared with the index’s 11.5 per cent....
...The discount, which stands at an industry average of 9 per cent to net asset value, has put some investment trusts on the brink of being wound up or targeted by hedge funds including Paul Singer’s Elliott...
...According to Winterflood, in 2023 the sector average discount was 13.2 per cent and delivered a 4.9 per cent return — lower than the FTSE All Share performance of 7.9 per cent....
...The buyback, which represents 9 per cent of the trust’s shares, is the largest-ever for an investment trust, according to analysts at Jefferies....
...appeal and widened the discounts at which they trade.The average discount between an investment trust’s share price and its net asset value hit 16.9 per cent last October, just below the 17.7 per cent recorded...
...The average trust was trading at a discount to net asset value of 16.9 per cent in October last year, just shy of the 17.7 per cent recorded at the end of 2008, according to the Association of Investment...
...The world’s largest alternative asset manager promised UC an 11.25 per cent annual return from the property fund, called Blackstone Real Estate Income Trust, or Breit, as part of a deal to draw $4.5bn in...
...Taiwan fund houses earned NT$9.1bn ($281.1mn) in management fees from exchange traded funds last year, up 28 per cent from 2022, as the local ETF boom drove the market to record highs....
...According to Jefferies, this is the largest ever buyback programme by a UK investment trust, with £1bn representing 9 per cent of the Scottish Mortgage Investment Trust’s shares....
...In Japan, about 11 per cent of users of the Indeed service applied for an AI-recommended job....
...Its decline comes as outflows from the 11 new bitcoin exchange traded funds hit nearly $500mn in the last two days, according to data compiled by CoinShares, an asset management group....
...“You give up a lot of returns that you could have accrued for your clients,” said Elisabeth Kashner, director of global fund analytics at FactSet....
...Abrdn’s trust is trading at an 18.3 per cent discount to its net asset value, and the Fidelity trust is at a 9.7 per cent discount....
...The fund’s assets under management totalled $9.5bn at the end of last year, up by a third from 2022....
...BlackRock’s iShares Bitcoin Trust (IBIT) needed less than two months from its January 11 launch to reach that landmark, beating Invesco QQQ’s record of just over a year, according to Morningstar....
...They took effect on January 29, weeks after 10 asset managers launched bitcoin ETFs on January 11....
...Tory MP loses whip over alleged misuse of funds | Mark Menzies is under investigation over allegations that he misused campaign funds and abused his position after making a late-night phone call saying he...
...The UK investment trust once bought rights with all the abandon of a rock band spending its advance on high living....
...Morningstar data shows global ETF assets under management have grown more than fivefold since the start of 2014, from $2.2tn to $11.6tn today....
...Fund manager Wright says Just Retirement has the strongest growth potential but the weakest dividend, whereas Phoenix Life and Aviva yield 11 and 7 per cent respectively....
...Within US markets, the 10 behemoths are now 28.6 per cent of total stock market capitalisation, up from 11.9 per cent in 1995 and the highest level since 1966, according to data from Elroy Dimson of the...
...Discounts are largest for funds targeting illiquid assets. They stand at around one-third for private equity trusts and around half for venture capital funds....
...Gilligan notes that some fixed income trusts trade at a discount while offering “equity-like returns”, highlighting M&G Credit Income with a yield to maturity of 9.2 per cent as an example....
...ISS projected that active ETFs’ revenue will rise at a 16.5 per cent annualised rate from 2024 to 2028, outstripping its 11.1 per cent forecast for passive ETFs, 9.5 per cent for index mutual funds and 4.9...
...Venture capital trust investors are turning back towards the tax-efficient, high-risk asset class in a race to buy before the end of the tax year....
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