Although investment trusts have seen a big leap in popularity over the last decade, they still seem to be a niche endeavour. Books about investment trusts tend to be very rare, so I was keen to read The Investment Trust Handbook. It didn’t disappoint.
Independent Investment Trust is one of those funds that I have been aware of for quite a while but never got round to digging into properly. Its shares are up 500% over the last 10 years, so perhaps I need to re-examine my priorities!
We’re currently in ‘correction’ territory with the UK market down 10% from its most recent peak in May 2018. Stock market falls like this can hit investment trusts harder than most, as a lot of funds have some level of gearing and discounts to asset values tend to widen.
In the never-ending search for income, many people are drawn to investment trust dividends. They come in all shapes and sizes, though, and there are a few nooks and crannies dividend seekers should be aware of.
It probably wasn’t a great surprise to see that Smithson Investment Trust is looking to raise more cash. But it was a little surprising that it was left so late and that it’s increasing by so much.
There has been no shortage of articles marking the 10th anniversary of the financial crash in recent weeks. This isn’t another one you’ll be pleased to hear. Well, perhaps just tangentially.
As I near my sixth decade, I’ve started to shift my portfolio a little more towards higher income investment trusts. My most recent purchase is Bluefield Solar Income Fund, which I took a small position in following its recent results. It yields over 6% and has returned over 50% since its launch in 2013. Most intriguingly, it’s keenly eyeing up the time where unsubsidised solar power becomes a viable option in the UK.
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