Investment Trusts

A study by Henderson Global Investors has found the majority of investors supported performance fees on funds, despite an industry-wide trend for scrapping them.

Neil Woodford's Patient Capital Trust is to issue new shares in a tap issuance programme to satisfy 'excess demand' from investors.

Will Landers, manager of BlackRock's Latin American investment trust, said he has adopted a defensive but more flexible investment approach as the region continues to struggle.

Miton's UK MicroCap trust has announced its first share issue since launch in April, raising an additional £4.3m.

Nick Greenwood's Miton Worldwide Growth trust has proposed new measures to provide investors with more liquidity in a bid to attract inflows.

Paul Niven, manager of the £2.5bn Foreign and Colonial investment trust, said he has already started tapping into the resources on offer following BMO's acquisition of F&C earlier this year.

Artemis' Alex Illingworth has said the Mid Wynd International investment trust's zero discount policy means the investment trust is effectively operating as a "semi-open" vehicle.

The board of the Fidelity Japanese Values trust has appointed Nicholas Price, who currently runs a number of the group's Japanese funds, as its new manager.

'Everyone is still working out their value'

P2P Global Investments has raised £400m from its latest C share issue after receiving backing from a number of high-profile shareholders.