Funds and Investment Trusts

Open-ended funds vs investment trusts

Open-ended funds vs investment trusts

1 mins. to read

There are lots of factors to consider when investing in a fund, but it’s important not to overlook the way it is structured. An investment trust operates in a completely different manner to an open-ended fund such as an OEIC or unit trust and there are times when this can have a significant bearing on…

British Empire Trust has further upside potential

British Empire Trust has further upside potential

4 mins. to read

The latest annual report from the British Empire Trust suggests that there is significant potential for further strong long-term returns. Here’s why… A few weeks ago I wrote about the improvement in performance at the British Empire Trust (LON:BTEM), which can be traced back to when Joe Bauernfreund took over as lead manager in October…

New Star Investment Trust’s 33% discount beckons

New Star Investment Trust’s 33% discount beckons

4 mins. to read

Last week I wrote about Miton Global Opportunities (LON:MIGO), which is an interesting investment trust that exploits pricing anomalies amongst closed-ended funds. One of its holdings is the New Star Investment Trust (LON:NSI) and I think it is worth a closer look as it offers an intriguing and possibly unique opportunity. NSI was originally launched…

Miton Global Opportunities offers contrarian diversification

Miton Global Opportunities offers contrarian diversification

4 mins. to read

Miton Global Opportunities (MIGO) could make a useful diversifying holding. The policies followed by the world’s most influential central banks have distorted large parts of the market and left many areas looking vulnerable. This has made it difficult to find pockets of value and uncorrelated sources of return, which is where Miton Global Opportunities could…

How to inflation-proof your portfolio

How to inflation-proof your portfolio

1 mins. to read

There is a growing feeling that UK inflation could pick up dramatically over the next few years. You can see this from the increase in the five-year break even rate, which is based on the yield difference between conventional gilts and those linked to the RPI. In August this hit a 13-month high of 2.6%.…