Investment trust buybacks hit highest monthly figure on record

Winterflood research

Cristian Angeloni
clock • 2 min read

A record 118 investment trusts bought back shares in April 2024, marking the highest ever monthly figure since 1996, according to Winterflood research.

This was an increase from 114 share buybacks in March and 93 in April 2023. Trusts bought back a total of £620m last month, down 2% from March but up 152% from April 2023, when shares worth £246m were repurchased. Number of investment trust share buybacks hits record high but effectiveness called into question Overall, £2.2bn had been repurchased by investment trusts in the first four months of the year, a 106% increase versus the equivalent period last year. Scottish Mortgage made the biggest collective share buyback purchases in April and year-to-date, at £75m and £212m repurc...

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