Following Saba Capital's call for major changes at seven investment trusts, six of these trusts, alongside the Association of Investment Companies (AIC) and brokers, have issued detailed responses. Key themes include: 1️⃣ United Stand Against Proposals: The Six trusts firmly oppose Saba's resolutions, citing potential risks to shareholder interests and governance. 2️⃣ Protecting Shareholders' Investments: Boards highlight robust strategies already in place, offering liquidity options and long-term growth opportunities. 3️⃣ The Call to Action: Voting participation is crucial, as Saba holds an average 24.5% stake across the trusts. Shareholder turnout could determine the outcome. With general meetings commencing later this month, the target Investment Trusts are urging shareholders to consider their positions, and vote. We have included details on where to find statements and how to vote. https://lnkd.in/e7xrTim4 #SabaCapital #InvestmentTrusts #Vote #GeneralMeeting The Association of Investment Companies (AIC) Baillie Gifford Janus Henderson Investment Trusts, UK Herald Investment Management Limited Manulife | CQS Investment Management Richard Stone Annabel Brodie-Smith
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We had the pleasure of sitting down with Charles Luke, Fund Manager of abrdn Investment Trusts Murray Income Trust. The discussion focused on the strategic benefits of investing in overseas-listed companies. With the ability to allocate up to 20% of gross assets to non-UK businesses, Luke highlights the added diversification and access to high-quality industries this strategy provides. The Murray Income Trust portfolio is well-diversified across sectors, including Financials (19.9%), Industrials (15.8%), and Consumer Discretionary (13.4%). The management team focuses on identifying high-quality businesses, defined as companies with attractive business models, robust financial characteristics, and experienced management teams. Luke outlines three key reasons for investing in overseas businesses: Industry Exposure: Access to a variety of attractive industries with little or no presence in the UK market. Quality Alternatives: Ability to find better quality alternatives to UK-listed companies overseas. Diversification: Enhancing the portfolio's diversification by including overseas companies. How many of the #MagnificentSeven is MUT holding? Our thanks to Charles Luke and abrdn Investment Trusts for the insight. #InvestmentStrategy #Equities #Diversification #MUT #Financials #Industrials #ConsumerDiscretionary
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Herald investment trust hits back at Saba over proposed cash exit strategy. The board of Herald investment trust has criticised Saba for its proposed cash exit offer to shareholders should it gain control of the trust’s board. James Carthew. Check out Linus Uhlig's latest article 👇 https://incm.pub/40bmBO3 #investing #assetmanagement #wealthmanagement #finance
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The Week: The investment trust mega-merger Alliance Trust and Witan are to merge, creating one of the largest UK-listed investment trusts. It could be a good deal for all sides. Read more in the latest edition of The Week: https://lnkd.in/esfMhrUe #IFAs
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Investment trusts have various income advantages, including the ability to reserve income and pay it out in a future year. Listen to UK and global equity income managers explain their strategies for maintaining and growing income over time while protecting shareholders' capital: https://lnkd.in/ehhFiD9h Faizan Baig, CFA Ian Lance Thomas Moore Henderson International Income Trust plc Janus Henderson Investors Janus Henderson Group PLC Janus Henderson Investment Trusts, UK Temple Bar Investment Trust Redwheel abrdn Equity Income Trust PLC abrdn abrdn Investment Trusts Annabel Brodie-Smith Vanessa Booth Juliet Webber Nick Britton, CFA, MCSI Nick Gardner Richard Stone #aicshowcase #investmenttrusts #investmentcompanies #investing
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Columbia Threadneedle’s Peter Hewitt elected to the board of the AIC. Peter Hewitt, manager of the Columbia Threadneedle Global Managed Portfolio trust and non-executive director of Odyssean investment trust, has been elected to the board of The Association of Investment Companies (AIC) with immediate effect. Check out Linus Uhlig's latest article 👇 https://incm.pub/4hwB66e #investing #assetmanagement #wealthmanagement #finance
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Senior Financial Consultant at Garofalo Donato & Associates Private Wealth Management
There’s a big divide within the investing community as to what value investing is and whether it’s relevant, says IG Wealth Management’s Chief Investment Strategist, Philip Petursson. However, Philip believes that valuation always matters, it just needs redefining. He explains what value investing is, why it’s underperformed recently and which metrics to use to discover value stocks with real potential. https://lnkd.in/gb-xypGK #garofaloandassociatesig #garofaloteamig #chrisgarofalo #garofalo #certifiedfinancialplanner #igwealthmanagement #wealthmanagement #igprivatewealthmanagement #privatewealthmanagement #financialplanning #garofaloandassociates #garofaloteam #financialplanner #financialadvisor #affluentcanadians #wealthmanagement #wealthadvisor #wealthplanning #wealthpreservation #investments #insurance #financialplan #personalfinance #waterdown #hamilton #niagara #toronto #gta #ontario
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Branch Manager ICICI Prudential Asset Management Company with a Dedication to Building Strong Client Relationships and Driving Business Growth
'Once Upon a Time' is a blend of stories and investing lessons. This document contains the story of the battle between Greece and Troy and connects it to the investment arena. Considering schemes that have the flexibility to invest across various sectors and market caps could help benefit from market opportunities. One such scheme is ICICI Prudential Business Cycle Fund.
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In this weeks two minute review, Justin Oliver Chief Investment Officer at Canaccord Genuity Wealth Management (UK, Channel Islands and Isle of Man) discusses the performance of the financial markets last week. SIMONA WATKIS Ricardo Davis Shane H. #WeArePROVEN #weeklymarketupdate #financialplanning #wealthmanagement #investments #caymanislands #bermuda #britishvirginislands #barbados
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In this weeks two minute review, Justin Oliver Chief Investment Officer at Canaccord Genuity Wealth Management (UK, Channel Islands and Isle of Man) discusses the performance of the financial markets last week. SIMONA WATKIS Ricardo Davis Shane H. #WeArePROVEN #weeklymarketupdate #financialplanning #wealthmanagement #investments #caymanislands #bermuda #britishvirginislands #barbados
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In this weeks two minute review, Justin Oliver Chief Investment Officer at Canaccord Genuity Wealth Management (UK, Channel Islands and Isle of Man) discusses the performance of the financial markets last week. SIMONA WATKIS Ricardo Davis Shane H. #WeArePROVEN #weeklymarketupdate #financialplanning #wealthmanagement #investments #caymanislands #bermuda #britishvirginislands #barbados
