Discounts have been widening across the investment company sector. Trusts such as Majedie, Henderson...
Discounts have been widening across the investment company sector. Trusts such as Majedie, Henderson Opportunities, Schroder Income Growth and most of the UK small-cap funds are trading at levels not seen for some time. The worry must be that the door is opening up again for the arbitrageurs to come back in force after what has been a quiet period (with the notable exception of the Eaglet requisition and the stake-building in Fidelity Asian Values). To some extent, I am puzzled by the weakness in the UK smaller company trusts. I discussed the problem recently with the Board and advise...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
