Follows revision of benchmark in December
Investment trust commentators have welcomed the news Alliance Trust has agreed to buy out Elliott Advisors' near 20% stake in the £3.5bn vehicle at a 4.75% discount to NAV, saying it will "end a turbulent chapter" in the fund's history.
Significant returns since mandate change
Initiating share repurchase programme
Optimistic on outlook for equities
Baillie Gifford's James Anderson, co-manager of the £4.5bn Scottish Mortgage investment trust, has expressed his concern about recent rhetoric used by the UK and US governments, and warned of the impact of their policies on developing the next generation...
Over 30 million share repurchased
Introduced new long-term discount target
Move to fund of funds approach