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Investment Trusts

Oil to float over $50 for at least 3 years, forecasts Alliance Trust

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.

Royal London European Growth Trust moves overweight banks

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.

Property trust wins massive backing for continuation

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 net asset value rises

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.

Fidelity FundsNetwork launch Excluded Property Trust

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.

Parents sacrifice retirement nest egg to put children’s future first

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.

AIC introduces sector classification system for VCTS

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.

Parents make cutbacks to fund children’s private school fees

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.

Zurich makes new addition to its Trust range

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 acquires prime properties for Property Unit 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.

Jupiter Green Investment Trust increases assets by 68%

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

Families caught between falling earnings and rising mortgages

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.

New Star: Explanation of unit trust pricing

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.

Microcaps prove to be a winner as Gartmore’s Williams predicted

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

Listed property trusts raise their dividends

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.