QuotedData’s Investment Companies Annual Review – 2020
Investment Companies Annual Review 2020 Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments In this issue A year that changed the world It was the year that nobody will forget. Industries re-shaped, many of them probably permanently, a change of leadership in the US, and finally a remarkable feat of human ingenuity in the roll-out […]
QuotedData’s Investment Companies Quarterly Review – Third Quarter 2020
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents In this issue Performance data Positive movers Negative movers Discounts and premiums Getting more expensive Getting cheaper Money in and out Money in Money out Major news stories Upcoming Events New research Guide The legal bit Stubborn resistance The end […]
QuotedData’s Investment Companies Roundup – August 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over July: Seneca Global Income & Growth – […]
QuotedData’s morning briefing 16 July 2020
In QuotedData’s morning briefing 16 July 2020: Aberdeen Frontier Markets has published a circular ahead of its planned winding up. If shareholders approve liquidation on 14 August, the shares will stop trading on 18 August. Jupiter Emerging and Frontier Income has redeemed 4,607,803 shares at 88.08p to leave 85,465,171 shares in issue. Tetragon Financial has obtained […]
Some good COVID news
The FT publishes some high-quality data about the spread of COVID-19. Measures of confirmed cases are distorted by a lack of testing in some parts of the world, but the death statistics are harder to argue with. The disease has sadly claimed the lives of at least 500,000 people. In April, these deaths were mainly […]
QuotedData’s weekly roundup 3 July 2020
James Carthew’s weekly news roundup show for Friday, 3 July, covers the demise of Aberdeen Frontier Markets, good results from Civitas Social Housing, updates on Syncona, NextEnergy Solar and Gore Street Energy Storage, comment on discount and share price moves from Andrew McHattie, and an interview with Paul Niven, manager of F&C Investment Trust. Listen […]
QuotedData’s morning briefing 2 July 2020
In QuotedData’s morning briefing 2 July 2020: Schroder Oriental Income Fund says that shareholders overwhelmingly approved a resolution to shift the fund’s tax domicile from Guernsey to the UK. 99.78% of those voting approved the measure. The company should soon become a UK investment trust. Under fire Gabelli Value Plus+ reported a 25% fall in NAV […]
Aberdeen Frontier Markets throws in the towel
Aberdeen Frontier Markets throws in the towel – having failed to beat its benchmark over the two years ended 30 June 2020, the board intends to fulfill the promise it made in October 2018. Shareholders were to be offered a cash exit at NAV but “following careful consideration of the amended discount control policy, the […]
QuotedData’s morning briefing 12 May 2020
In QuotedData’s morning briefing 12 May 2020: Gore Street Energy Storage says that construction work on its two 50MW battery projects in Northern Ireland has restarted (subject to social distancing measures). Construction is scheduled to be completed in December 2020, allowing sufficient time to complete necessary asset testing before the assets go online. the DS3 contracts […]
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 […]
QuotedData’s other news 18 February 2020
In QuotedData’s other news 18 February 2020 – FastForward Innovations (FFWD) said that investee company, EMMAC Life Sciences (FFWD owns a 2.4% stake), had become the first European company to export medical cannabis to Israel. The company has successfully exported 400 kilograms of medical cannabis to Israel, to the Bazelet Group, the largest medical cannabis company in Israel. […]
QuotedData’s Investment Companies Annual Review – 2019
In this issue The sector at the end of 2019 Performance data Performance by sector and fund Money in and out of the sector Money in and out of existing funds Money coming into existing funds Money going out of existing funds Liquidations, de-listings and trading cancellations Significant rating changes Major news stories Outlook for […]
QuotedData’s investment companies roundup – December 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford Table of contents New research In this issue Performance data Discounts and premiums Money in and out Income Events New research Here is a list of research we published over November: An initiation note on Henderson High Income “We have initiated coverage on Henderson High Income (HHI). Since […]
Aberdeen Frontier Markets – Significant latent value?
Significant latent value? Aberdeen Frontier Markets (AFMC)’s manager has been re-positioning the portfolio by reducing exposure to Sub-Saharan Africa, adding companies in new markets and looking to capture more of the momentum in markets. There is a now a greater tilt to the Asia Pacific region, where Vietnam accounts for over a quarter of the […]
QuotedData’s investment companies roundup – November 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford New research Over October, we published notes on Pacific Horizon, Seneca Global Income & Growth, Premier Global Infrastructure, Polar Capital Global Financials, Ecofin Global Utilities and Infrastructure, Aberdeen Standard European Logistics Income and Herald. Additionally, as part of our enhanced coverage of the property sector, we launched […]
Investment companies quarterly roundup – Third quarter 2019
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford New research Over the third quarter, we published notes on India Capital Growth, Jupiter Emerging & Frontier Income, Montanaro European Smaller Companies, JLEN Environmental Assets, Civitas Social Housing, JPMorgan Russian Securities, International Biotechnology Trust, Aberdeen Emerging Markets, Seneca Global Income & Growth, Standard Life Investments Property Income […]
QuotedData’s investment companies roundup – October 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford New research Over September, we published notes on India Capital Growth, Jupiter Emerging & Frontier, International Biotechnology Trust, JPMorgan Russian Securities, Civitas Social Housing, Montanaro European Smaller Companies and JLEN Environmental Assets. We also launched a monthly real estate roundup, beginning with reviews of August and September. In […]
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 […]
Aberdeen Frontier Markets hit by Pakistan weighting
Aberdeen Frontier Markets hit by Pakistan weighting – In what the chairman describes as a particularly disappointing year, Aberdeen Frontier Markets returned -14.0% in NAV terms (NB all these figures are in US dollars) and -14.4% in share price terms against a positive 5.2% return from the MSCI Frontier Markets Index. The dividend was maintained […]
QuotedData’s other news 26 September 2019
In QuotedData’s other news 26 September 2019: 3i Infrastructure has completed the purchase of cold storage company, Ionisos, that was announced in July Custodian REIT has extended a borrowing facility that was coming to the end of its life by three years and expanded it too. Lloyds Bank agreed to increase the total funds available under […]
Aberdeen Frontier Markets – Incentivised to perform
Aberdeen Frontier Markets – Incentivised to perform is QuotedData’s latest update note on this frontier markets fund Mark Gordon-James, manager of Aberdeen Frontier Markets (AFMC), has made a material personal investment in the trust, and therefore has shared in the pain experienced by AFMC’s shareholders as the fund has underperformed a falling benchmark index. He […]
Aberdeen Frontier Markets held back by Pakistan holdings
Aberdeen Frontier Markets held back by Pakistan holdings – Aberdeen Frontier Markets (AFMC) has reported its annual report for the year ended 30 June 2018. In his statement, the chairman noted that absolute and relative performance was disappointing during the year. The company’s NAV per share and share price total returns in US dollars were -10.3% and -12.0%, respectively. This performance compared to a gain of 1.7% for the reference benchmark, […]
Aberdeen Frontier Markets Investment Company Limited AGM 2018
Aberdeen Frontier Markets Investment Company Limited AGM 2018 Ordinary resolutions 1. To receive and adopt the financial statements for the year ended 30 June 2018 with the reports of the Directors and auditors thereon. 2. To approve the Directors’ Remuneration Report included in the annual report for the year ended 30 June 2018. 3. To approve […]
Investment Trust Insider on how to grow trusts
Investment Trust Insider on how to grow trusts James Carthew: imponderable questions in quest for scale Last week I addressed the uphill battle Ashoka India Equity (AIE) faces if it wants to expand, having raised just £46.5 million in its flotation. It is by no means the smallest fund out there, however. Many of the very smallest funds […]
Aberdeen Frontier Markets – No closet-tracker
Aberdeen Frontier Markets – No closet-tracker – In a major shift in how its structured, Aberdeen Frontier Markets (AFMC) last year moved from investing indirectly via funds to investing directly into shares of listed companies. This was mostly completed by the end of June 2017. AFMC has underperformed the MSCI Frontier Markets Index by some […]
Aberdeen Frontier Markets experiences teething problems as moves to direct investment
Aberdeen Frontier Markets experiences teething problems as moves to direct investment – Aberdeen Frontier Markets reports that, for the year ended 30 June 2017, the NAV rose by 13.7% in total return terms with the share price rising 16.7% as the discount narrowed. This compared to a gain of 19.7% for the MSCI Frontier Markets Index, […]
42% of investors sticking with Aberdeen Frontier Markets
Aberdeen Frontier Markets Investment Company has announced that both of the resolutions put forward at the EGM held today have been passed. As described in the circular to shareholders and notice of EGM dated 3 February 2017, resolution 1 was to approve the new Investment Objective and Policy of the Company and resolution 2 was […]
Aberdeen Frontier Markets – Direct investing
On 9 December 2016, the board of Aberdeen Frontier Markets (AFMC) announced that take up of its 100% tender offer had exceeded expectations. After deliberating on the future of the fund, the board is asking shareholders to approve a shift to direct investing in frontier markets. Shareholders still have the opportunity of a cash exit […]