Over August, we published notes on Aberdeen Emerging Markets and JLEN Environmental Assets . You can read all these notes by clicking on the links above or by visiting www.quoteddata.com.
In this issue
Performance data – appetite for risk was generally present through July, with US stocks and the dollar performing well; Tech companies largely had good months. The downward move in sterling to near post-referendum lows and a decline in UK long-term government bond yields reflected the growing threat of a no-deal brexit scenario. Golden Prospect Precious Metal led the sector in price return terms in July (+26.4)% while Lindsell Train was the biggest faller (-28.7%);
Money in and out – It was a very quiet month for fundraising, leading up to the August holiday season. There were no new issues; net inflows totalled £96.4m (+£354m last month). Aberdeen Standard European Logistics led the way, raising £46.3m while Third Point Offshore USD led money out of the sector, returning £40.8m in July;
Discounts/premiums – Syncona’s premium widened (price led) as it comes off an excellent year, delivering an NAV return of 37.9%. Elsewhere, Merian Chrysalis climbed to its highest premium since its launch in late 2018. Merian’s approach to investing into unquoteds has been well-received;
Major news stories – Woodford Patient Capital’s board held discussions with third-party managers regarding the fund’s management contract while results from Intu Properties reflected wider retail woes.
Edward Marten is MD of investor research company QuotedData. They provide free information for investors who find it hard to access high-quality, reliable, equity research on UK and European-listed companies. This is a QuotedData release.
