Investment Trusts

INVESTMENT TRUSTS

The board of £14m Henderson Financial Opportunities is proposing to wind up the investment trust due to the continued fears around the banking industry.

The Jupiter Primadona Growth Trust has increased its dividend by almost 41% for the year ending 30 June.

The senior fund manager of the £141m City Natural Resources High Yield trust is stepping back from day-to-day management of the vehicle.

The board of the £54m Gartmore Growth Opportunities trust has served ‘protective' notice of termination of its management agreement with Gartmore, following the resignation of Gervais Williams.

INVESTMENT TRUSTS

George Luckraft's Framlington Innovative Growth trust faces liquidation after investors representing more than 50% of its shares opted for a cash exit.

Witan investment trust has handed two £100m UK equity mandates to Lindsell Train and NewSmith Asset Management, after taking one of the mandates away from Henderson.

Jupiter's Charlie Thomas has begun modifying his £41m Green investment trust since taking over the whole portfolio.

First State's Susie Rippingall believes Hong Kong could experience an economic boom if interest rates remain low in the US.