Investment trusts which one and why!!

NedS

Not Recommendations

Could be a good time to buy China (JCGI) or Russia (JRS) if you are an adventurous contrarian investor.

For global equities, I prefer Mid Wynd International IT (MWY) to a global tracker ETF

I always like smaller companies, AUSC (formerly SLS) and THRG being my picks, but they are not exactly cheap. Put them in the watch list for further price drops.

If you like income, some of the renewables trusts represent decent value presently with high dividends and could be decent buys if they can continue to grow their dividends in line with inflation (Solar: BSIF, FSFL, NESF; Environmental: JLEN). Some REITs too (THRL). Energy storage (GRID and GSF) have performed well, and are worth buying on any further capital raises.

For Asia, I like HFEL when below 300p - great dividend income with potential for some capital gains too.

HVPE for private equity, the discount had narrowed a bit recently but has widened again in the last month or so. I'd consider adding at a 25% discount. Private equity has performed really well but I think it's got further to go.

Thrugelmir

GB12 said:

Okay I am going to start of with an oddball on 54% discount. 
Which isn't even an investment trust! 

Investment companies are governed by specific rules in particular taxation. Trusts are simply one form of a closed investment company.  Unique structures that don’t exist elsewhere in the world. Hence why London is the place that renewable capital raising is taking place with a stream of new listings over the past few years. 

GB12

Thrugelmir said:

GB12 said:

Okay I am going to start of with an oddball on 54% discount. 
Which isn't even an investment trust! 

Investment companies are governed by specific rules in particular taxation. Trusts are simply one form of a closed investment company.  Unique structures that don’t exist elsewhere in the world. Hence why London is the place that renewable capital raising is taking place with a stream of new listings over the past few years. 

And your point is?

Thrugelmir

GB12 said:

Thrugelmir said:

GB12 said:

Okay I am going to start of with an oddball on 54% discount. 
Which isn't even an investment trust! 

Investment companies are governed by specific rules in particular taxation. Trusts are simply one form of a closed investment company.  Unique structures that don’t exist elsewhere in the world. Hence why London is the place that renewable capital raising is taking place with a stream of new listings over the past few years. 

And your point is?

Wondering why I bother. 

GB12

wmb194 said:

GB12 said:

jimjames said:

If you're looking for ONE investment trust then F&C as it's global. I also hold PIN for exposure to private equity

Thanks but I am not looking for one.

If you haven't already, you should take a look at CityWire. It has quite a lot of IT related news and analysis.

https://citywire.com/investment-trust-insider/news

Quoteddata is also a very good source. With regular podcasts from managers.
During the crash I bought City of London investment trust. I decided that it was a mistake. After listening to a podcast from standard equity income Trust I sold CTY and bought standard. Used the proceeds (including the 18% gain). I am 37% up on 7.2% dividend and that doesn't include the 18% gain on CTY. The strategy was to buy companies who had cancelled their dividends. Those that would restart them quickly and those that would see some of the competition die away.
Direct line for quick restart.
DFS for stronger post covid. As it happens DFS increased sales by 20% during lockdown. 
NAIT was another podcast I followed up. 
5 year average dividend increse 9% very well covered every year. Actual increase during covid 5% cover 1.18.
Alas a bit late spotting it (December 2020) 4.1% dividend 18% gain. 

ChilliBob

Definitely get on to citywire.co.uk forums, the IT forum is quite busy with some people who know their stuff, well, in my view!

Hvpe is another where you don't need to pay stamp because of where its based.

Citywire used to produce z score thing showing when stuff was a good deal or not (e.g. Some stuff is near permanently on a 25% discount so 27% discount is nothing to shout about, some stuff nearly always on a premium etc)