Overview
City of London’s objective is to provide long-term growth in income and capital, principally by investment in equities listed on the London Stock Exchange. The Board says it continues to recognise the importance of dividend income to shareholders. City of London invests in a broad spread of mainly UK-listed companies, aims to grow capital and income over time and adopts a consistent, cautious approach over the long term.
you can access the trust’s website here
Fundamentals
Price
Research History
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09 Oct 2020 10 min read
QuotedData’s Economic Roundup – October 2020
Economic & Political Roundup Kindly sponsored by Allianz 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 […]
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10 Mar 2020 9 min read
QuotedData’s Economic Roundup – March 2020
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz 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 […]
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07 Oct 2019 8 min read
QuotedData’s economic roundup – October 2019
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz 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 […]
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22 Mar 2019 2 min read
QuotedData’s economic roundup – March 2019
QuotedData’s economic roundup – March 2019 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 […]
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12 Oct 2018 2 min read
QuotedData’s Economic round up – October 2018
QuotedData’s Economic round up – October 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 […]
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1 min read
QuotedData’s investment companies roundup – October 2018
QuotedData’s investment companies roundup – October 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 August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in September Trian Investors 1 is a new fund that will adopt […]
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13 Mar 2018 2 min read
QuotedData’s Economic round up – March 2018
QuotedData’s economic round up – March 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 […]
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12 Oct 2017 2 min read
QuotedData’s economic round up – October 2017
QuotedData’s economic round up – October 2017 – 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 […]
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1 min read
QuotedData investment companies roundup – October 2017
QuotedData investment companies roundup – October 2017 – 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 September 2017. Kindly sponsored by Baillie Gifford. October Investment Companies Roundup Amongst the top performers, Alternative Liquidity Fund sold its […]
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12 Jul 2017 2 min read
QuotedData investment companies roundup – July 2017
QuotedData investment companies roundup – July 2017 – 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 2017. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised in July Newly launched in June were […]
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07 Dec 2016 1 min read
QuotedData investment companies roundup – December 2016
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 November 2016. december-investment-companies-roundup
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13 Oct 2016 1 min read
QuotedData’s round up of views on the global economy – October 2016
QuotedData’s collation of recent insights on markets and economies taken from comments made by chairman and managers of investment companies. october-economic-and-political-roundup
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1 min read
QuotedData investment companies roundup – October 2016
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 September 2016. october-investment-companies-roundup
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27 Apr 2015 1 min read
The importance of income – where to find it?
Life used to be simpler. If you had a bit of spare cash or you wanted to save up for something you’d just stick some money in a bank or building society account. If you had a nest egg and wanted to invest it in something safe and live off the income, you’d maybe buy […]
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16 Dec 2013 1 min read
Quoted Fund weekly issues and repurchases
Each week we’ll let you know which funds are growing and which are shrinking – please see the attached pdf: 131216-issues-and-repurchases
News
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19 Feb 2021 1 min read
QuotedData’s morning briefing 19 February 2021
In QuotedData’s morning briefing 19 February 2021: City of London has released its interim report for the six months ended 31 December 2020. During the period, it provided an NAV total return of 6.9% and a share price total return of 12.3%. These compare against returns from its All-Share Benchmark of 12.3%, the AIC UK Equity Income […]
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02 Feb 2021 2 min read
QuotedData’s morning briefing 2 February 2021
In QuotedData’s morning briefing 2 February 2021: BlackRock World Mining has revalued its investment in OZ Minerals Brazilian Royalty from $23.6m to $30.1m, adding 2.7p to its NAV. BlackRock Throgmorton Trust has appointed Merryn Somerset Webb as a non-executive director with effect from 24 March 2021. Merryn is the editor-in-chief of MoneyWeek, the UK personal finance magazine […]
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18 Sep 2020 11 min read
City of London lags benchmark but adds value with stock selection
City of London (CTY) has announced its annual results for the year ended 30 June 2020, during which it lagged its benchmark, but stock selection was positive. During the year, CTY’s total return was -14.6%, which the trust says was behind its benchmark, the FTSE All-Share Index, which returned -13.0%. CTY’s share price return was […]
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1 min read
QuotedData’s morning briefing 18 September 2020
In QuotedData’s morning briefing 18 September 2020: We have details of the GRIT Real Estate Income’s disposal of its stake in Anfaplace Mall, JLEN Environmental Assets acquisition of two hydro assets (one with a co-located battery storage asset), Macau Property Opportunities progress with its loan refinancing and its divestment of its remaining individual unit at One […]
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20 Sep 2019 1 min read
QuotedData’s other news 20 September 2019
In QuotedData’s other news 20 September 2019 – Tufton Oceanic Assets today announced that it has raised gross proceeds of $31m through a placing. The company invests in a portfolio of secondhand commercial sea-going vessels. Further to announcements made earlier this month with regard to a proposed placing, Merian Chrysalis says that indicative orders significantly in excess of […]
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2 min read
City of London increases dividend for 53rd consecutive year
City of London increases dividend for 53rd consecutive year – City of London Investment Trust (CTY) has reported annual results covering the year to 30 June 2019. CTY delivered an NAV total return of 2.7%, outperforming its market and sector benchmarks, while the dividend was increased (by 5.1%) for the 53rd consecutive year. Performance highlights […]
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25 Sep 2018 3 min read
City of London increased its dividend for 52nd consecutive year
City of London increased its dividend for 52nd consecutive year – City of London Investment Trust (CTY) has published its annual report for the year ended 30 June 2018. The NAV delivered a total return of 6.3% over the twelve month period. The dividend was increased for the 52nd consecutive year, by 6.0%, which is ahead of inflation. In comparison, the FTSE […]
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15 Aug 2018 3 min read
City of London writes to shareholders of Lazard World Trust
City of London writes to shareholders of Lazard World Trust – City of London Investment Management (CLIG), who run the investment trust City of London (CTY), has written a letter to the Directors of Lazard World Trust Fund (WTR) explaining its intention to oppose renewing the WTR’s buyback authority at the EGM to be held on 30 August, 2018. CLIG comments that […]
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25 Sep 2017 5 min read
Large cap focus restrains City of London
Large cap focus restrains City of London – City of London Investment Trust has published results for the year ended 30 June 2017. Its returns fell behind those of peers and index benchmarks over the period. City of London’s net asset value total return was 14.5% which was 3.3% behind the size weighted average over […]
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03 May 2017 3 min read
14th consecutive year of outperformance for BlackRock Smaller
For fourteen consecutive years BlackRock Smaller Companies has outperformed its benchmark and increased its dividend. Over that period, the NAV has grown nearly ten-fold whereas the benchmark has almost quadrupled. The compound annual increase in dividends paid over the past five years has been 20% per annum. During the year to 28 February 2017, the NAV increased […]
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06 Feb 2017 1 min read
14 investment trusts for income and growth in 2017
Investors looking forward to a period of calm in 2017 might be disappointed, but David Prosser has the trusts experts are backing to navigate further storms. Having just been through a year of unprecedented political upheaval that sent financial markets spinning, many investors will be assuming 2017 cannot possibly be so tumultuous. The reality, however, […]
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20 Sep 2016 2 min read
City of London achieves 50 years of dividend growth
City of London Investment Trust reports that, in a flat year for equity returns its net asset value total return was 3.1%, ahead of each of the average for the AIC UK Equity Income sector, the UK Equity Income OEIC sector and the FTSE All-Share Index (by 0.8%, 4.8% and 0.9% respectively). The FTSE 100 Index […]
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12 Feb 2016 1 min read
City of London confident of dividend increase
City of London Investment Trust has published interim results covering the second half of 2015. Over this time the NAV total return was 1.5% which was slightly behind the average for the UK Equity Income Investment Trust sector (1.7%) but ahead of the UK Equity Income OEIC sector (0.8%) and the FTSE All- Share Index […]
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18 Sep 2015 5 min read
City of London expansion continues as it beats benchmark
City of London beat the FTSE All-Share Index over the year ended 30 June 2015, delivering a total return on net assets of 6.4% and a return to shareholders of 7.2% against a 2.6% return for the index. The NAV and shareholder return were in the same ball park as the 7.0% return posted by the UK […]
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19 Feb 2015 1 min read
City of London ahead of the market and its peer group
City of London’s interim results for the six months ended 31 December 2014 show it generating a total return on net assets of 2.1% and a return to shareholders of 1.6%, better than the FTSE All-Share index which returned -0.4%, the average for its AIC peer group, 1.2%, and the average UK Equity Income OEIC, […]
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02 Dec 2014 1 min read
The alternative plays in investment trusts
Source: http://www.moneymarketing.co.uk/news-and-analysis/analysis/the-alternative-plays-in-investment-trusts/2016533.article Income-seeking investors would do well to look at the alternative plays on offer in the investment companies space, such as renewable energy and asset leasing With interest rates held so low for so long, it is not surprising investors have been looking for alternative ways to generate income. That search is only set to […]
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18 Sep 2014 1 min read
City of London maintains dividend record
CTY : City of London maintains dividend record City of London Investment Trust, managed by Job Curtis (pictured), has published final results for the year that ended 30 June 2014. Over this period the net asset value delivered a total return of 14.7% which compares favourably with a 13.1% return on the FTSE All-Share Index […]
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19 Feb 2014 1 min read
City of London : CTY – interim results
City of London has released figures for the six months ended 31 December 2013. Over that period the total return on City of London’s net asset value was 23.8% – well ahead of the equivalent return on the FTSE All-Share Index of 17.9% but 2.2% behind the average UK Growth & Income Investment Trust. CTY’s […]
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10 Dec 2013 1 min read
City of London : CTY
CTY has borrowed £35m at a fixed rate of 4.53% repayable on 22 January 2029 (via an issue of private placement notes)
Upcoming Events
In The Press
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01 Mar 2021 2 min read
Funds and trusts yielding above 5%: opportunity or value trap?
Funds and trusts yielding above 5%: opportunity or value trap? by Cherry Reynard from interactive investor | 25th February 2021 11:42 The year 2020 may have been a dismal one for income seekers, but the outlook for 2021 is brighter. There is now a wealth of funds and investment trusts showing yields of more than 5%. However, many investors saw […]
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12 Feb 2021 2 min read
When it is worth paying a premium for an investment trust
When it is worth paying a premium for an investment trust by Jennifer Hill from interactive investor | 10th February 2021 10:06 Positive news on Covid-19 vaccines led to investment trusts re-rating considerably during 2020. The average discount among equity investment trusts narrowed from 4.6% to 2.5% – the tightest level on record – according to Numis Securities. Discounts widened […]
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05 Oct 2020 2 min read
Should you face the music over dividend cuts and dip into capital?
Should you face the music over dividend cuts and dip into capital? It’s seen as taboo – but some experts say now may be the time to break the golden rule By ANNE ASHWORTH FOR THE DAILY MAIL PUBLISHED: 21:51, 2 October 2020 | UPDATED: 13:26, 4 October 2020 These are dispiriting days for those needing a decent income from […]
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23 Jul 2020 2 min read
Can investment trusts survive the UK dividend drought?
Can investment trusts survive the UK dividend drought? By Dave Baxter UK dividends have evaporated in the past few months, with no imminent recovery in sight. Link Asset Services predicts that UK dividends could fall by between 45 and 49 per cent on a headline basis in 2020 versus the previous year’s total, based on its best- and worst-case scenarios… […]
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14 Apr 2020 2 min read
How you can dodge the coronavirus dividend strike
How you can dodge the coronavirus dividend strike: Investors should choose trusts that have put aside money for rainy days By ANNE ASHWORTH FOR THE DAILY MAIL PUBLISHED: 21:51, 10 April 2020 | UPDATED: 09:59, 11 April 2020 The much-publicised move by the big banks to cancel their dividends has left investors with mixed emotions and many questions… The hundreds […]
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01 Apr 2020 2 min read
Investment trusts to weather the dividend drought
The Big Theme Investment trusts to weather the dividend drought By Dave Baxter, Investors Chronicle, 1 April 2020 The coronavirus pandemic has been disastrous for income investors. Falling asset prices make it a dangerous time to take money from your portfolio and interest rate cuts have restricted yields available. Even more worryingly, the economic uncertainty induced by the current […]
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20 Jan 2020 2 min read
Investment trust insider on value versus growth for income
Investment trust insider on value versus growth for income – James Carthew: should you chase high yield or growth in search of good trust income? In my last article of 2019 I addressed the award of Edinburgh investment trust’s management contract to Majedie and commented how much better Henderson High Income Trust (HHI) had done over […]
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28 Mar 2019 1 min read
AIC highlights most consistent income trusts
AIC highlights most consistent income trusts – QuotedData’s James Carthew is quoted in this article by Leonora Walters The Association of Investment Companies (AIC) has published its annual ‘dividend heroes’ survey – a list of the investment trusts that have increased their dividends for 20 or more consecutive years. This year, there are 20 dividend […]