AIC Revamps Investment Trust Sectors
After a year of deliberation, the AIC has just revealed its new sector definitions for investment trusts. It’s a major shake-up and looks like a big improvement from what I have seen so far.
BlackRock Smaller Companies: Small-Cap Star Prentis Retires
Infamy, infamy, they’ve all got it in for me! In the last couple of months, the managers heading up three of my investment trusts have all decided to retire. The latest to desert me is Mike Prentis at BlackRock Smaller Companies. What a carry on!
Fundsmith Equity vs. Lindsell Train Global
One of my dirty little secrets is that I don’t exclusively hold investment trusts. My SIPP includes two open-ended funds that are extremely popular with many investors: Fundsmith Equity and Lindsell Train Global.
Should You Avoid Investment Trusts With Premiums?
While most investment trusts still trade at a discount, increasing numbers are trading at premiums. Should we buy something that’s reassuringly expensive or be wary in case the price has been driven too high?
Acorn Income Fund: Small Caps With An Income Twist
I’m a big fan of small-cap investment trusts but one of my holdings, Acorn Income Fund, definitely won’t suit everyone. It’s much more highly geared than your typical fund, adding an extra layer of risk. But this also makes it a good candidate for opportunistic top-ups.
JPMorgan Global Growth & Income: The Dreaded Manager Change
One thing that stirs me from my slumber when it comes to my investment trust portfolio is when there is a change of manager. It doesn’t happen very often, and it typically doesn’t require evasive action, but it does mean that I tend to watch events a little more closely.
Key Information I’d Like To See
There’s been a lot of controversy over the recent introduction of Key Information Documents (KIDs) for investment trusts. In theory, they are designed to standardise the basic fund information that’s available for ordinary investors like you and me. In practice, they’re a bit rubbish.
Q1 2019: Are You Sitting Uncomfortably?
I last did a portfolio review at the end of 2018, so the end of the first quarter seems like a decent time for another catch-up and some more pithy observations.
Murray International: Zigging When Others Zag
It’s been a tough few years for Murray International but this popular global investment trust certainly offers something a little different while yielding well in excess of 4%.