QuotedData investment companies roundup – May 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2018. Kindly sponsored by Baillie Gifford.
India Capital Growth has experience a rebound in performance in the past month, as has the Indian market. The global infrastructure indices reached a low in late March and have recovered from there. Having underperformed, the share price of Premier Global Infrastructure also rallied. Following a period of bad news for the reinsurance sector, Blue Capital Alternative Income’s share price recovered some of its losses and its discount tightened. However, the directors have decided to wind down the fund. The sterling and US dollar shares of Ashmore Global Opportunities saw their share price rise suddenly on strong trading volume in mid-April. EF Realisation‘s share price and discount both reflect the performance of the NAV since late March. Schroder UK Growth also appears in both tables on strong performance and news of a new manager. The NAV of Merchants Trust has performed well, as the UK market has rallied strongly from a recent low in March, although its discount marginally widened. There has been an announcement about the management arrangements of Ranger Direct Lending at the beginning of May. The company has also been subject to action from shareholder Oaktree Capital, pushing it to wind up the fund.
QuotedData investment companies roundup – May 2018