Income trusts Archives – IT Investor

Gresham House Energy Storage: Batteries Included

ITinvestor — Wed, 12 May 2021 10:00:52 +0000

Gresham House Energy Storage Fund is one of the seventeen UK-listed renewable energy infrastructure trusts and currently boasts the best performance over the past 12 months. It’s still a pretty new company, only joining the market in November 2018. Most of my stake was bought in Spring and Summer 2019, followed by three smaller nibbles…

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JPMorgan Global Growth & Income: Concentrating Its Firepower

ITinvestor — Wed, 21 Apr 2021 11:00:49 +0000

JPMorgan Global Growth & Income is quite a mouthful but this investment trust has sneakily become one of my largest positions in the last few years. I first bought in late 2017 and followed this up with two chunky top-ups in 2018. After a decade in charge, the trust’s then-manager decided on a career change…

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When Investment Trusts Fire Their Managers

ITinvestor — Thu, 01 Apr 2021 08:52:46 +0000

Possibly the hardest decision the directors of an investment trust have to make is when to change management firm. It’s a tricky situation for us mere mortal investors as well. We don’t have to go through all the legwork of assessing dozens of potential suitors, but we do have to decide whether we are happy…

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BB Healthcare Trust: Curing The Health System

ITinvestor — Wed, 10 Mar 2021 10:30:26 +0000

BB Healthcare Trust has a slightly different approach to healthcare investment, focusing on companies that are looking to improve the underlying process of keeping us all fit and well. [Note — as of 2 March 2022, this trust has been renamed Bellevue Healthcare Trust] It’s a theme that will strike a chord will many of…

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HICL Infrastructure: Dividend Growth On Hold

ITinvestor — Thu, 17 Dec 2020 10:30:57 +0000

HICL Infrastructure is the oldest UK-listed infrastructure trust and has a very respectable record of steady performance. But it’s had to stop increasing its dividend in the wake of the pandemic. This trust is one of my plodders — a collection of three holdings (Bluefield Solar Income and Gresham House Energy Storage being the others)…

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Waving Goodbye To Murray International

ITinvestor — Mon, 31 Aug 2020 08:00:55 +0000

A few weeks ago, I wrote about how I had offloaded Princess Private Equity and part of my holding in Murray International to buy a basket of biotech trusts. Last week, I went a step further and sold my remaining holding in Murray International. The man behind Murray International I still have a lot of…

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Debt Investment Trusts: For The Brave Only

ITinvestor — Wed, 22 Jul 2020 13:00:46 +0000

One of the attractions of the investment trust sector is the way it regularly renews itself, backing its winners and cutting loose what doesn’t seem to work. But I recently came across a really surprising set of statistics in an article by Ian Cowie on interactive investor. In it, he quoted Numis Securities: Out of…

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Scottish American Investment Company: Built For Resilience

ITinvestor — Tue, 16 Jun 2020 13:45:47 +0000

Scottish American Investment Company, often just called SAINTS, is the second-oldest investment trust and the only income-focused investment trust managed by Baillie Gifford. It’s one of a handful of trusts in the Global Equity Income sector, alongside the likes of Murray International and JPMorgan Global Growth & Income. Although Scottish American is mainly focused on…

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Will Investment Trust Dividends Hold Up?

ITinvestor — Thu, 16 Apr 2020 12:40:17 +0000

This crisis has posed many questions we’ve never faced before as investors. One of them is what to do about the prospect of a massive decrease in dividend payouts. It’s long been accepted that the income received from shares, as far as the UK stock market goes anyway, tends to be less volatile than prices.…

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