Prices and Markets

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...

QUARTERLY INVESTMENT COMPANIES ROUNDUP – SECOND QUARTER 2018 Global equities markets rose in the second quarter of 2018, Markets were volatile, as positive economic data and encouraging company performances played off against geopolitical concerns. Yields from bond markets rose early in the quarter but fell back as investors turned to ‘safer’ investments. The threat of a trade war and the strength of the US dollar contributed to falls in emerging markets, particularly in Asia. Discounts, which had been drifting out...

Standard Life Private Equity Trust - Putting capital to work - Following on from last year’s compelling returns (an NAV total return of 14.9% and share price total return of 31.9%), Standard Life Private Equity’s (SLPE’s) recent results show a modest NAV total return of 1.5%, over the six months to 31 March 2018. This is markedly ahead of the LPX Europe Index’s return of -4.9%. Distributions from underlying companies have remained strong, enabling SLPE to make further new commitments. This...

QuotedData’s Economic round up – July 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. July Economic and Political Roundup Roundup The tit-for-tat imposition of tariffs on imports by the...

QuotedData’s investment companies roundup – July 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 June 2018. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised and returned in June Newcomer to the market, Yew Grove REIT, an Irish REIT investing in office and industrial properties primarily outside Dublin’s central business district, began trading on June 8th. The IPO raised €75m....

Iván Chávez became a member of the Inter-American Dialogue’s President’s Leadership Council at its fourth annual meeting on June 5, 2018. Chávez is Executive Vice President of Grupo Vidanta, the global conglomerate of real estate ventures headquartered in Mexico. Those ventures include Vida Vacations, which offers private club memberships at seven Vidanta resorts along the Mexican coast. Under his leadership, Grupo Vidanta has become a global leader in the travel industry, and his relationships with other industry experts have led...