Prices and Markets

Ecofin Global Utilities and Infrastructure - On the contrary …. - Ecofin Global Utilities and Infrastructure (EGL) had a strong 2017, beating the MSCI World Utilities Index by a significant margin. Utilities and infrastructure have got off to a difficult start in 2018 however, suffering from negative sentiment as markets have focused on the heightened prospect of interest rate rises as well as a couple of other high-profile difficulties within the sector. EGL’s manager, Jean-Hugues de Lamaze, says that, while...

CQS New City High Yield - “Conservative and boring” - In the words of its manager, Ian Francis, CQS New City High Yield Fund (NCYF) is “really conservative and boring”! However, NCYF offers a high yield and has beaten the consumer price index, Libor and the MSCI UK Index by significant margins over the last 10 years; all while providing low volatility returns. Furthermore, its premium rating (an average of 5.5% during the last year) and its ongoing share issuance (5.3% during...

QuotedData has released the 2018 edition of its highly-regarded Investment Companies Guide.  Building on the success of last year's publication and updated to reflect developments within the sector, the Guide harnesses QuotedData's wide-ranging distribution capabilities to reach over 100,000 self-directed investors and their advisers. 2018 Investment Companies Guide Final Version Partnership approach The guide has been supported by sponsors including Aberdeen Standard Investments, Fidelity International, Jupiter Asset Management and Polar Capital and will be hosted by Alliance Trust Savings, Zurich, Transact...

Environmental groups are upping the pressure on Whitehall to accelerate the transition to electric vehicles (EVs), with the Green Alliance urging the government last week to ban petrol and diesel cars by 2030. That highly ambitious timeframe for phasing out combustion engines would do wonders for reducing air pollution. Unfortunately, it also assumes everything is rosy on the supply side. As the ongoing saga surrounding Russia’s Nornickel (formerly known as Norilsk Nickel) should make clear, adequate supplies of the metals...

Aberdeen Frontier Markets - No closet-tracker - In a major shift in how its structured, Aberdeen Frontier Markets (AFMC) last year moved from investing indirectly via funds to investing directly into shares of listed companies. This was mostly completed by the end of June 2017. AFMC has under performed the MSCI Frontier Markets Index by some margin and this, in turn, has led to a widening discount. However, AFMC is not and does not want to be seen as a closet index-tracker....

QuotedData’s economic round up – March 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the companies mentioned. Kindly sponsored by Polar Capital March - Economic and Political Roundup Roundup In mid-February, stock markets fell on concerns that strong...

QuotedData investment companies roundup – March 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 February 2018. Kindly sponsored by Baillie Gifford. March Investment Companies Roundup Equity markets continued to run up in early February, supported by strong corporate earnings and better economic data. However, in mid-February, they fell on concerns that strong global growth and emerging evidence of rising inflation...

Global Diversified Infrastructure - Does what it says on the tin! Global Diversified Infrastructure (GDIV) is a new investment trust from Gravis Capital Management. Other London-listed infrastructure funds have a strong bias towards UK-based infrastructure investments. GDIV will allow its shareholders to diversify their investment across a number of other countries and types of infrastructure asset. GDIV is targeting long-term and often inflation-linked returns of 8%-10% per annum. In its first year, GDIV is planning to pay a dividend of...

QuotedData is publishing a new Fidelity Closed-End Funds review. This covers funds in the Asia-Pacific ex-japan, Japanese Smaller Companies and UK All Companies sectors. Welcome to the fifth edition of QuotedData’s Fidelity Closed-End Funds Review – a regular publication looking at Fidelity and recent developments in three of its investment trusts – Fidelity Asian Values, Fidelity Japanese Values and Fidelity Special Values. In this issue: Fidelity Asian Values posted decent positive returns during 2017 but has continued to lag its peer group and...