Hints and tips:
...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....
...Last month Elliott disclosed a 5 per cent stake in Scottish Mortgage Investment Trust a week after the FTSE 100 trust announced a £1bn stock buyback to try and prop up its ailing share price....
...According to Winterflood research analyst Elliott Hardy, many investors entered the sector off the back of the strong performance of trusts such as Scottish Mortgage during the pandemic and have since been...
...Some of the biggest have come from the banks, such as Barclays’ £10bn capital return plan, but this week’s £1bn announcement from Scottish Mortgage shows investment trusts also hope to close the valuation...
...The emergence of Elliott as an investor comes a week after Scottish Mortgage announced a £1bn share buyback in a bid to support its own stock....
...“With most borrowers locked in, if they want to extract cash they can’t do that without a Heloc [home equity line of credit] or a second lien mortgage,” says Pratik Gupta, strategist with Bank of America...
...They include BlackRock — the largest money manager in the world — and other household names such as WisdomTree and Fidelity....
...Assets run by Baillie Gifford’s Scottish Mortgage Investment Trust, many of whose technology holdings have been hit by rising interest rates, have dropped from about £18bn in June 2021 to £12bn as at October...
...Fidelity has a range of funds and smaller outfits are frequently launching them....
...He added that the issue would become a serious concern to markets “in the next six to 12 months as something that matter[s] a lot”....
...And so the plans to spin off the cloud business, which was once feted as a big kind of growth driver for the company, was supposed to make it more dynamic....
...When Amar Bhidé joined the board of Baillie Gifford’s flagship Scottish Mortgage Investment Trust three years ago, an insider complimented the academic as a “world-class brain and a world-class bastard”...
...Lots of readers are giving a lump sum to adult children or grandchildren — perhaps to help with a house purchase or pay down a slice of their mortgage....
...For example, Montlake says if a buyer purchasing a £600,000 property was able to use their bonus to boost a £100,000 deposit to £150,000, they would be able to slash the best available mortgage interest...
...Jurrien Timmer, director of global macro at Fidelity Investments, said it would be “foolish to bet against a recession”, adding that “when the yield curve gets inverted to this degree for this long, a recession...
...Baillie Gifford’s Scottish Mortgage Investment Trust topped the list of popular trusts among several platforms, despite recent board upheaval over its growing exposure to private companies....
...The bank has attempted to broaden its loan book by acquiring Fleet Mortgages and home-loan portfolios from other lenders including Kensington Mortgages....
...Other countries, such as the US and Japan, tend to opt for closed-ended real estate trust structures....
...For this reason, I prefer investment trusts for holding exposure to unlisted companies, as the trust shares trade separately from the underlying assets....
...Scottish Mortgage, known for its bold bets on high-growth companies such as Tesla, now devotes up to 30 per cent of its portfolio to private companies....
...Next year, Sunak will ask the public at a general election to trust the Tories with another five years in power....
...The Investing and Saving Alliance, a consumer finance trade body, has completed a pilot project on open finance that included Fidelity and Hargreaves Lansdown....
...Scottish Mortgage showdown The FT digs into deep-seated tensions over strategy at the UK’s biggest investment trust that led to board member Amar Bhidé’s dramatic exit....
...Job moves Fiona McBain, the chair of Baillie Gifford’s flagship Scottish Mortgage Investment Trust, is stepping down just days after a rare public bust-up over corporate governance....
...However, there are many alternative investment trusts listed on public exchange in which to park capital, including real estate and infrastructure, as well as some more niche areas such as shipping and music...
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