Investment companies review – First Quarter of 2019

Through the first quarter of 2019, global equities largely clawed back the losses suffered over the final weeks of 2018. How much longer this ten-year bull market can sustain itself is the subject of much debate. US interest rate rises have stalled, reflecting growing cautiousness. Elsewhere, many of the headwinds that ruffled markets late last year, including the US/China trade negotiations, continue to lurk in the background. The UK remains in gridlock, with no sign of a resolution to Brexit… Read more

In this issue

Performance Data – It was notable that China-focused funds had a good quarter while the rebound in technology benefitted Allianz Technology and Edinburgh Worldwide.

Major news stories – Wellcome Trust opted to sell £141m worth of Syncona in a surprise move. Airbus’ decision to end production of A380 aircraft from 2021 hit several leasing companies, including the three Doric Nimrod funds and Amedeo Air Four.

Money in and out – The $477m Schiehallion Fund IPO was the only new issue but Tritax Big Box raised £332m. Edinburgh Dragon returned £215.4m.

More information about the funds mentioned in this report is available on our website. There are also links embedded in the document that will take you through to the relevant webpage.

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