Investment Trusts

Research by JPMorgan Asset Management (JPMAM), the provider of investment trusts, reveals the real extent to which parents are sacrificing their own futures in order to make a better life for their children.

The Association of Investment Companies (AIC) has introduced a new classification system for Venture Capital Trusts (VCTs), creating six new sub-sectors which expand on the current ‘specialist’ and ‘generalist’ categories.

Amid escalating costs for private education, a survey carried out by JPMorgan Asset Management (JPMAM), the leading provider of investment trusts, has revealed the significant cutbacks parents make to their daily lives in order to afford private schooling for their children.

With nearly 200,000 people having gone through the lengthy and sometimes complicated probate service last year, Zurich, through its investment brand Sterling, has introduced a Trust designed to make life a little easier for loved ones at such a difficult time, by negating the need to apply for probate in respect of the money in the Trust.

New Star has recently acquired two grade A office buildings for the New Star Property Unit Trust. The first, Governor’s House, is a prime office building just off Cannon Street, in the City of London.

The Board of Jupiter Green Investment Trust is pleased to announce it has raised £24.25m in its C Share issue.

Alliance Trust’s measure of the real financial state of UK homes showed a slight uplift in the second quarter, thanks to strong growth in the economy, but the prospects for consumers are worrying as their spending continues to spiral out of synch with homes’ actual balance sheets.

To understand what is going on with regards to the switch of pricing of many of the dual priced unit trust property funds, below is a quick refresher on how unit prices are set.

Gartmore Growth Opportunities plc (" GGO" ), an award winning Investment Trust managed by Gervais Williams, recently completed its year end to 30th June 2007.

Given reports in the press today that some of the open-ended property funds have moved to bid pricing because of investor outflows, please see announcements just issued to the London Stock Exchange by ISIS Property Trust Ltd and ISIS Property Trust 2 Ltd.

Fidelity FundsNetwork has passed another development in its evolution from investment platform to business and financial planning service with the completion of its range of trusts.

The European Court of Justice (ECJ) today found in favour of the Association of Investment Companies (AIC) and JPMorgan Claverhouse Investment Trust plc in declaring that the management expenses of investment trusts should be exempt from VAT in the same way as unit trusts and OEICs.

The Royal London UK Strategic Growth Trust has had a very successful first year since it launched on 1st June 2006, delivering a one year return of 34.0% compared to an IMA UK All Sector return of 22.2%, with a 6th percentile ranking.

Shona Dobbie, Head of the Alliance Trust Research Centre, said: “While Gordon Brown’s economic record has been positive on balance, with reasonable growth, relatively low inflation and a rise in GDP per head, there are question-marks over how large a part Treasury policy played in creating this benign environment and whether his reforms have genuinely transformed our long-term economic prospects.”

As the UK's smokers mull the impending ban on lighting up in public, one incentive to stub out their last fag is the potential profits to be made from investing their ciggy money in the markets instead.