• Privacy policy
  • T&C’s
  • FAQ
  • Meet the Team
  • About The London Economic
  • Advertise
TLE ONLINE SHOP!
NEWSLETTER
SUPPORT THE LONDON ECONOMIC
  • TLE
  • News
  • Politics
  • Opinion
  • Business
  • Sport
  • Entertainment
  • Film
  • Food
  • Lifestyle
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
  • TLE
  • News
  • Politics
  • Opinion
  • Business
  • Sport
  • Entertainment
  • Film
  • Food
  • Lifestyle
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
No Result
View All Result
Home Prices and Markets

Investment Companies Roundup – March 2020

RelatedPosts Household savings rise by £20.9 billion despite historically low interest rates Cryptocurrency Exchange CEX.IO Adds New USDT/GBP Trading Pair Sareum Holdings – Potential strategy in COVID-19 Ecofin Global Utilities and Infrastructure Trust – Resilient income As part of our commitment to providing Investment Research, we have published our regular monthly update on the Global […]

Edward Marten by Edward Marten
March 10, 2020
in Prices and Markets

RelatedPosts

Household savings rise by £20.9 billion despite historically low interest rates

Cryptocurrency Exchange CEX.IO Adds New USDT/GBP Trading Pair

Sareum Holdings – Potential strategy in COVID-19

Ecofin Global Utilities and Infrastructure Trust – Resilient income

As part of our commitment to providing Investment Research, we have published our regular monthly update on the Global Economy & Listed Investment Companies.

New research

  • Initiation note on Montanaro UK Smaller Companies Trust
  • Annual overview note on Aberdeen Emerging Markets
  • Update note on Polar Capital Global Financials
  • Annual overview on Aberdeen New Dawn

In this issue

  • Performance – If the market’s initial reaction to the outbreak of Coronavirus (Covid-19) was somewhat indifferent, the virus’s passage beyond China (and its rapid spread in Italy and Iran specifically) facilitated some of the biggest negative moves in risk assets since the global financial crisis. Over February, this was predominantly driven by sentiment, with median share prices (7.8%) declining more than median total return NAVs (1.3%). Japanese smaller companies, led by Baillie Gifford Shin Nippon, Atlantis Japan Growth and CC Japan Income & Growth were among the worst performers. With industrial activity in China grinding to a halt, money was taken out of commodity funds, led by Riverstone Energy and CQS Natural Resources G&I. Split-capital trusts such as Acorn Income, Aberforth Split Level Income and Chelverton UK Dividend were hit by the change sentiment, as was the UK smaller companies sector;
  • Discounts/premiums – Syncona is back to a premium above 20%. Hadrian’s Wall Secured’s board recommended a managed wind-down while Chenavari Capital Solutions continues the process of realising its portfolio. Bluefield Solar’s shares led performance in the renewable energy sector while Lindsell Train fell to a discount for the first time in 10 years. Standard Life Private Equity’s and Dunedin Enterprise’s discount widening were share price led, reflecting wider views on private equity.
  • Money in and out – We welcomed Nippon Active Value, which got off the ground with a £103m launch (it was targeting £200m). About £580m of net new money was raised, the bulk of which came from Sequoia Economic Infrastructure’s oversubscribed share issuance (it was targeting £250m). The issuance likely benefitted from the reversal in sentiment, attracting the flow of capital to an established yield-focused strategy.

Major news stories – Pollen Street Secured Lending was the subject of a £675m takeover bid and fell out with its manager while Bluefield Solar said the impact of lower power prices was cushioned by fixed prices locked in 2018. Elsewhere, Amedeo Air Four Plus completed the sale of two A380s to Etihad for a net £130.9m.

Read more

Support fearless, free, investigative journalism Support fearless, free, investigative journalism Support fearless, free, investigative journalism

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending fromTLE

  • All
  • trending

What If We Got Rid Of Prisons?

Stress, fear and homelessness: The threat looming over families confronted with eviction

File photo dated 07/11/03 of a prison cell.

The Other Prison Pandemic

Latest from TLE

Watch – After billions spent on test and trace Sunak says people ‘trust us with their money’

Credit;PA

Doctor appears in court video call for traffic violation while performing surgery

Credit;PA

Lockdown and vaccine sceptics fuming as lockdown and vaccine sceptic journalist gets jab

Credit;PA

What the parable of the 6.2cm journalist teaches us about NHS data

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

Address

The London Economic Newspaper Limited t/a TLE
Company number 09221879
International House,
24 Holborn Viaduct,
London EC1A 2BN,
United Kingdom

Contact

Editorial enquiries, please contact: jack@thelondoneconomic.com

Commercial enquiries, please contact: advertise@thelondoneconomic.com

SUPPORT

We do not charge or put articles behind a paywall. If you can, please show your appreciation for our free content by donating whatever you think is fair to help keep TLE growing and support real, independent, investigative journalism.

DONATE & SUPPORT

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Opinion
  • Business
  • Sport
  • Entertainment
  • Film
  • Lifestyle
  • Food
  • Property
  • Travel
  • Tech & Auto
  • About The London Economic
  • Meet the Team
  • Privacy policy

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.