Prices and Markets

QuotedData’s Economic round up – September 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the companies mentioned. Kindly sponsored by Polar Capital. QuotedData’s Economic round up – September 2018 is a collation of recent insights on markets and economies...

The UK’s record-breaking summer has been good news for solar power but funds focused exclusively on wind have been faced with fairly low wind speeds. Of course, this situation may well reverse over the winter. John Laing Environmental Assets Group (JLEN) offers renewable energy investors the most diverse portfolio in its sector and hence a smoother ride. Its increased focus on anaerobic digestion, which was highlighted in QuotedData’s last note, adds another source of returns with different risk and reward drivers and...

BlackRock Throgmorton Trust - Vision, execution and adaptability Dan Whitestone, manager of BlackRock Throgmorton Trust (THRG), has a dual-pronged approach to selecting investments that involves identifying what he describes as “high- quality differentiated companies” and companies driving industry change. Dan looks for management teams with vision, the ability to execute according to that vision and a readiness to adapt to changing circumstances. Dan has been sole manager of THRG since February 2018 and the trust’s track record since then compares...

The CG Asset Management (CGAM) team’s focus on medium-to-long-term absolute returns, coupled with its excellent track record has attracted a loyal following of investors. This note describes: CGT : CG Asset Management – Focus on absolute returns CGAM’s business;its investment approach; andtwo of its absolute return funds:Capital Gearing TrustCG Absolute Return Fund Capital Gearing Trust (CGT)’s managers believe that it has built an enviable long-term track record by focusing on the preservation of its shareholders’ wealth, even when adjusted for the...

Jupiter Emerging and Frontier Income (JEFI) is a little over a year old and appears to have got off to a great start. From launch to the end of July 2018, it delivered returns ahead of benchmark indices and competing investment companies. It has met the 4% dividend distribution target it set out in its prospectus and its shares have traded within a narrow range, close to its net asset value. The lead manager has demonstrated his commitment to the...

QuotedData’s Economic round up – August 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the companies mentioned. Kindly sponsored by Polar Capital. August Economic and Political Roundup Roundup Global equity markets “climbed the wall of worry” in...

QuotedData’s investment companies roundup – August 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of July 2018. Kindly sponsored by Baillie Gifford. August Investment Companies Roundup Money raised and returned in July Tritax EuroBox raised its maximum target of £300 million in an issue that was ‘significantly oversubscribed’. Hipgnosis Songs Fund raised over £200 million. The third new issue in July was...

Strategic Equity Capital - Confident despite short term setback After a strong period of performance in 2017, when Strategic Equity Capital (SEC) beat a strong small cap index by 6%, 2018 has proved more problematic. Short-term performance has been impacted by stock specific price weakness within SEC’s concentrated portfolio (see pages 5-6). SEC’s managers are long-term investors, however. They have confidence in their portfolio, based on 3-to-5-year investment theses, and bought shares in the trust throughout Q2 2018, now owning around 4%...

International biotechnology - Outperformance and income 180719 IBT Initiation QD Under the leadership of its manager, Carl Harald Janson, International Biotechnology Trust (IBT) is building a track record of outperformance of both its benchmark, the Nasdaq Biotechnology Index and the average of its peer group (see page 13 of this note for the figures). The biotech sector, which IBT focuses on, benefits from long term structural growth drivers (listed on page 3) such as ageing populations in the developed world and an...