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12 Dec 2025
QD view Small stocks, big bargain? Why UK small cap trusts could be set for a turn around

Small stocks, big bargains? Why UK small cap trusts could be set for a turn around

If investors in UK small and mid cap companies were hoping for a big bazooka to turbo-charge the sector in the budget, they were disappointed. The chancellor’s priorities were elsewhere. Nevertheless, some calm after a grim period of uncertainty and speculation may be enough to revive the sector’s flagging fortunes. It is easy to present […]

12 Dec 2025

Ecofin Global hikes dividends as AI power demands boost its infrastructure and utilities portfolio

Ecofin Global Utilities and Infrastructure (EGL) is to lift dividends by 5.9% after a morale-boosting second half recovery helped pushed its annual return to 15%. The £223m investment trust’s growth in net asset value (NAV) in the year to 30 September compared well to its two main performance benchmarks. It was just behind the 15.4% […]

12 Dec 2025

Morning briefing: BlackRock Frontiers beats benchmark ahead of 100% tender; Discount narrowning saves Aberdeen India; INPP expands buybacks by £25m; plus AWEM, ABDN, RTW

BlackRock Frontiers (BRFI), the £338m investor in sub-emerging and smaller emerging countries, beat its benchmark in the year to 30 September, putting it in a good position ahead of a five-yearly 100% exit opportunity in February. Fund managers Sam Vecht and Emily Fletcher delivered a 15.1% total underlying return in dollars (14.7% in sterling) that […]

12 Dec 2025

Saba boss slams Baillie Gifford for selling down SpaceX stakes in EWI and USA before rocket company’s “$1.5trn” flotation

Update with Baillie Gifford response: Saba Capital boss Boaz Weinstein has attacked Baillie Gifford for reducing the positions held in SpaceX by Edinburgh Worldwide (EWI) and Baillie Gifford US Growth (USA) investment trusts. Tweeting on X, Weinstein said he had received calls from “furious” shareholders in both trusts, where Saba holds around 30%, amid reports […]

11 Dec 2025

GCP Infrastructure: Who needs jam tomorrow when you can get a 10% yield on an almost debt-free investment?

Annual results from GCP Infrastructure (GCP) have disappointed shareholders waiting for a big disposal that could fund a significant return of capital and reward them for holding on to stock standing 30% below net asset value (NAV). The £590m investment company, however, did say that its investment adviser Gravis Capital was “actively progressing transactions” that […]

11 Dec 2025

JPMorgan Asia upbeat ahead of continuation vote after new fund managers deliver plenty of growth and income

JPMorgan Asia Growth & Income (JAGI) sounds confident as it prepares for its next three-yearly continuation vote in February after a strong set of annual results following the reorganisation of its fund management team last year. Rebounds in China, Singapore, Taiwan and Korea in the second half of the financial year more than offset problems […]

11 Dec 2025

TwentyFour Select eyes more top-up dividends as “higher for longer” rates outlook boosts floating debt fund

TwentyFour Select Monthly Income (SMIF) is considering upping some of its monthly dividends after another strong year saw the 8%-yielder once again surpass its 6p per share payout target. The £288m debt fund, which mostly invests in floating rate assets, has paid shareholders 0.5p a month for most of its eleven-year life, topping up the […]

11 Dec 2025

Morning briefing: Saba doubles stake in SDCL Energy; Pacific Assets launches beauty parade; Schroder BSC still mulling options; Regional cuts fund management fee; plus BGFD, RKW, PEY, NRR, SWEF

Activist hedge fund Saba Capital doubled its position in SDCL Energy Efficiency Income (SEIT) to 10% on Tuesday, the day after its shares tumbled 18% after the company said in half-year results that it was looking at all strategic options, prioritising debt reduction and warned it may not recommend shareholders vote for the company’s continuation next year. […]