Investment Trusts

JPMorgan Income & Capital Trust plc (the “Company” or “JPMICT”) will be launched on Monday following a successful fund raising and reconstruction of its predecessor company, JPMorgan Income & Capital Investment Trust, at the end of that company’s planned life.

Aberdeen Asset Managers (Aberdeen) believes recently announced increases in the dividends paid by some UK companies will benefit investment trust investors this year and over the long term.

F&C, the leading investment trust management group, is poised to launch one of the first new investment trust companies of 2008 by proposing to rollover its existing managed investment trust share portfolio services into a new vehicle: the F&C Managed Portfolio Trust.

A revolution occurring in the world’s electricity supply can help power investor returns even through a recession according to a leading fund manager.

As investors and advisers explore potential opportunities in the VCT market in time for the end of the tax year, the Association of Investment Companies (AIC) has published a factsheet on VCTs available to download from the AIC website, theaic.co.uk.

Standard Life Investments, a leading fund manager, is to offer investors 0% initial charge on investments in its range of award-winning Investment Trusts during this year’s ISA season.

As DC schemes look set to face another year of rapid growth in the midst of uncertain markets; JPMorgan Asset Management (JPMAM) has issued the latest in its DC Insights series, which identifies six key steps to understanding risk.

With the start of the new tax year just over three months away, Standard Life is highlighting that those with certain types of trust have just three months left to consider making changes to them.

F&C has re-launched its investment trust website with a clearer more user-friendly design.

The Association of Investment Companies (AIC) and JPMorgan Claverhouse Investment Trust plc have formally won their lengthy legal test case against HM Revenue & Customs (HMRC) that investment trusts should be exempt from VAT on management expenses.

Alliance Trust, the largest generalist investment trust company listed on the London Stock Exchange, today forecast that a combination of rising demand from new world powers and delayed investment in new supplies will keep oil prices well over $50 a barrel for at least the next three years.

After being aggressively underweight the banking sector for much of the year, culminating in a 7% underweight position on 18th September, Kevin Lilley, Royal London’s European Growth Trust manager has reversed his strategy and moved to overweight the sector on 26th September.

At an EGM in Guernsey today F&C Commercial Property Trust Limited, a London Stock Exchange listed company invested in prime UK commercial properties, gained overwhelming shareholder support for a continuation of the Company.

Alliance Trust PLC, announced today that the net asset value of the Company rose 3.1% to £2,915m in the six months to 31 July 2007.

With a recent tax research paper estimating that at least 7 million people in the UK may be able to claim non-UK domicile status, the question of domicile cannot be ignored in Inheritance Tax (“IHT”) planning, says Fidelity FundsNetwork.