Investment Trusts

Alliance Trust snapped up a £35m stake in European equities at the end of September to take advantage of ‘compelling valuations' across the continent.

Jupiter's Tony Nutt has opened a new position in BT Group in his £37m split-cap Dividend & Growth trust.

The soaring share price of Lions Gate Entertainment and Disney's $4bn acquisition of Lucasfilm demonstrate the increasing power of content providers, according to Alliance Trust Asset Management's Justin Atkinson.

The Association of Investment Companies (AIC) has backed industry calls for the FSA to relax planned rules restricting the sale of EIS and VCTs to retail investors.

In less than three months, investment trusts will sit on a level pricing playing field with open-ended products for the first time, as the industry says goodbye to trail commission.

Henderson's investment management contract for its £286m Asian Growth trust is in jeopardy after the board announced it is undertaking a review of its investment management arrangements.

MAM Funds is planning a share issue for Gervais Williams' Diverse Income trust, through which it hopes to raise £20m of new assets.

ITs

The BlackRock North American Income trust has raised £65m in its initial offer period and plans to issue further equity in the near future, after undershooting its £100m target.

MAM Funds has upped its stake in Colin McLean's £146m SVM Global investment trust, fuelling speculation of impending corporate action by its shareholders.