30th anniversary of VCTs celebrated as 2024 raise approaches £240m Investing The total amount of money raised through venture capital trusts (VCTs) this tax year is approaching £240m, 20 per cent higher than last year, as the investment industry celebrates the vehicle’s 30th birthday. The VCT was unveiled in the 1994 Budget, where Chancellor Ken Clarke launched the scheme, and have since raised £12.5bn, funnelling money [...]
Investment trusts celebrate move to reform cost disclosure rules Investing The UK has finally exempted investment trusts from complying with cost disclosure requirements that industry experts say could unlock billions in investment. In a statement today, the government and Financial Conduct Authority said regulators would temporarily withdraw the requirements, which campaigners have argued force trusts to ‘double count’ their fees. While this is also the [...]
Four investment trusts closed last week. How many more will go? Investing Last week, four separate investment trusts handed in their notice, announcing they would be shuttering. Aquila European Renewables, Ecofin US Renewables, Gulf Investment Fund and Keystone Positive Change, all said they would be liquidating, as the number of trusts on the London Stock Exchange continued to dwindle. The number of investment trusts has fallen to [...]
Almost 90 per cent of investment trusts are on a discount. When will it change? September 5, 2024 A significant 88 per cent of all investment trusts are now trading on a discount to their underlying assets, CityAM can reveal. The gap between the share price of investment trusts and the price of their underlying assets has got so bad that 30 per cent of all trusts now trade on a discount [...]
Why Lab-grown meat is a win for the UK’s investment industry July 17, 2024 With news today that the UK has become the first European country to approve the use of lab-grown meat, the investment industry should be taking this as a win.
Investment trust industry urges Labour to win ‘early success’ on cost disclosure rules July 8, 2024 The investment trust sector has called for the incoming Labour government to scrap "misleading" cost disclosure rules on the sector that it says are hampering its performance.
Investment trusts dropping like flies as mergers hit all-time high July 4, 2024 The total number of investment trust mergers has already hit an all-time high this year, with six acquisitions going ahead in 2024
Investment trust body calls for Treasury to fix unnecessary rules costing billions May 8, 2024 The rules around investment trust disclosures are costing the economy billions in lost investment.
Appetite for investment trusts has fallen to the lowest level in a decade. Could this be the beginning of the end for the sector? February 20, 2024 In trust expert Winterflood's annual survey of its clients last week, it found that expected demand for the investment vehicles had fallen to the lowest level since the questionnaire began 12 years ago.
The 32 investment trusts that would have made you an ISA millionaire February 13, 2024 A total of 32 investment trusts would have made you a millionaire if you invested the full annual ISA allowance in the same trust every year since 1999