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...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...
...They include Baillie Gifford’s flagship Scottish Mortgage Investment Trust, Bill Ackman’s £7.4bn Pershing Square Holdings, and the £2.5bn RIT Capital Partners trust....
...But if the Baillie Gifford-managed investment trust was so concerned about share price-NAV discounts, perhaps the better move would have been to mark down the value of its huge private company holdings to...
...The head of Japan’s biggest recruitment agency says artificial intelligence will resolve the country’s labour shortages, but has warned its usefulness will be limited until people gain more trust in the...
...Another key holding for the investment trust is insuretech business WeFox, which is showing signs of rapid growth....
...Its share price is trading at a 46 per cent discount to its net asset value....
...For this and other reasons, the market applies a 50 per cent haircut to the trust. Net debt of £449mn, as of March, looks steep against forward ebitda of £86mn....
...As of March 14, bitcoin ETFs had vacuumed up a net $10.6bn year-to-date globally, even accounting for chunky outflows from the Grayscale Bitcoin Trust (GBTC), at $23.7bn still the world’s largest such vehicle...
...Discounts among trusts holding listed equities have moved into the mid-teens. These value gaps are commonest during crises....
...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....
...In a LinkedIn post on Tuesday, Kroes confirmed he acquired 17,500 shares on July 26 last year, adding to an existing holding....
...Trust ETF (GBTC), according to data from Morningstar Direct....
...the net assets per share for the remaining investors....
...Absolute or bare trusts involve holding the money for the outright benefit of the children, with a fixed provision for when they will be able to receive the money....
...INA’s focus comes as experts warned of a massive investment gap in south-east Asian countries meeting their net-zero goals....
...Alternatively, for investors holding funds without a “sister” trust, one option might be to consider an investment trust with a different manager but similar remit....
...Investment Trust Q4, Michelin FY, monday.com Q4, Trimble Q4 Tuesday Opec: February Oil Market Report EU: Ecofin meetings France: Q4 unemployment rate figures Germany: February Zew Economic Sentiment...
...But analysts said its conversion last week offered investors an opportunity to exit their holdings....
...The $540mn First Trust Nasdaq Artificial Intelligence & Robotics ETF (ROBT), is not far behind, with $314mn of net inflows....
...The pension fund will focus instead on achieving an 80 per cent cut to the emissions linked to holdings in its sustainable strategy, as a proportion of total holdings, and relative to the broader economy...
...The company’s Filecoin Trust is trading at $34.25, 721 per cent above its net asset value of $4.17, having hit a premium of more than 1,000 per cent in November....
...But dividend hero status does not distract from an eye-watering discount to net asset value. Peel Hunt puts this at 34 per cent....
...The investment push is coming from Blackstone’s ownership of QTS Realty Trust, a real estate trust focused on data centres, which it acquired for more than $10bn in mid-2021....
...Nevertheless, I’m tempted by a holding in the Geiger Counter investment trust, which offers exposure to a range of uranium miners and holds 5 per cent in the Sprott fund....
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