Investment Trust

Martin Currie Pacific trust's shareholders have agreed to rename the company Martin Currie Asia Unconstrained trust, as it moves away from commitments to invest in Japan and Australia.

J.P. Morgan Asset Management (JPMAM) is eyeing the Channel Islands market to support the next growth stage of its 23-strong investment trust range.

TwentyFour Asset Management's UK Mortgages investment trust has raised £250m during its initial public offering.

Investment trusts allocating to UK equities benefitted from an election-fuelled bounce which helped them top the performance tables in Q2, according to data from broker Winterflood.

Prudential chair Paul Manduca has joined the board of the Templeton Emerging Markets trust as its chairman steps down after more than a decade with the company.

Broker Stifel has recommended investors sell Neil Woodford's Patient Capital trust due to its share price trading at a high premium to NAV.

Almost one fifth of investment trusts have changed managers in the last 18 months as a result of retirements, departures and greater board scrutiny, according to the Association of Investment Companies (AIC).

GLI Finance has announced plans to launch a new alternative debt investment trust which is aiming to raise at least £100m during its initial public offering.

P2P Global Investments has announced it will raise a further £250m through the issue of new C Shares.

Simon Cordery, head of investor relations and business development, investment trusts at F&C Investments, explores the extent to which market sentiment can affect trusts.