Impax Environmental Markets: More With Less
Impax Environmental Markets is one of three funds in the AIC’s Environmental sector. It is both the largest (with assets of £600m) and the oldest (having launched in 2002).
Planning For The Pension Lifetime Allowance
For many years I never paid much attention to the Lifetime Allowance for pensions, assuming that I’d never hit it. But with my 55th birthday only a few years away, it’s dawning on me that might no longer be the case.
Smithson Does Nothing: As Promised
Smithson Investment Trust has made an impressive start on the London Stock Exchange with a return around triple that of its benchmark. But we shouldn’t get too carried away.
Henderson Smaller Companies: Strong And Robust
It’s been a tough year for tiddlers. UK small-cap investment trusts are down by more than 10% since last August with the average discount widening slightly to 11.5%. Henderson Smaller Companies is one of three such funds that I hold and it’s down a little more than the sector as a whole.
Caledonia Bets Big On Private Equity
Caledonia, the £2bn investment trust run by the Cayzer family, has been on a bit of a buying spree recently. Its latest purchase, a firm that runs family offices for the mega-rich, takes its collection of unquoted investments and private equity funds to nearly 60% of net assets.