If Russia takes control of gas prices in Europe as part of its battle with the West over the Ukraine then the wind farm operator Greencoat UK Wind could be a huge beneficiary.
With the Omicron variant less harmful than its predecessors and life returning to normal, the focus is now on what’s happening to the economy and how central-bank policy will unfold in the near future.
The decision by the singer Neil Young to remove his material from Spotify has sparked a sell-off at the music royalties trust Hipgnosis Songs, but it is possible that the weakness has created a buying opportunity.
There are a handful of investment trusts that are trading on unaccountably wide discounts despite recent strong performance, which leaves them well placed to be re-rated.
The key issue that is likely to dominate the markets this year is inflation and the degree to which policy makers are able to respond to it.
The small-cap value oriented investment trust has benefitted from the rotation in favour of cyclicals, yet the shares are still available at a wider than normal discount to NAV of 12%.
Last year was a good one for REITs with the sector outperforming the FTSE All-Share index by around 11% and it looks like there could be further strong returns in 2022.
The investment trust team at Winterflood have just announced their recommendations for the year and these include three specialist vehicles that are worth considering as part of a balanced portfolio.
It is never easy to forecast what is going to happen in the year ahead, but 2022 is likely to be particularly challenging.
In the last six weeks global value has outperformed growth by around ten percent. This really could be the start of something big.
