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Investment Companies
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This month, our investment companies team released a variety of content, such as equity propositions on Canadian General Investments, Murray Income Trust, SDCL Energy Efficiency Income Trust and The Biotech Growth Trust. We also published two new ‘Uncovering Trusts’ podcast episodes on The Law Debenture Corporation and Baker Steel Resources Trust and ‘In 60 seconds’ audiograms outlining Baillie Gifford China Growth Trust, BlackRock Greater Europe Investment Trust, BlackRock Latin American Investment Trust and HgT. The team published a review note on HgT, which maintains its impressive long-term track record and received significant proceeds from exits and refinancings in H124. The Biotech Growth Trust’s managers believe biotech valuations became disconnected from positive industry fundamentals amid elevated interest rates but smaller-cap biotech valuations are starting to improve. BB Biotech’s managers expect lower interest rates and a series of key milestones to support portfolio holdings over H224 and beyond.
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