Take on Trusts – December 2025

Take on Trusts – December 2025

In December, Edison’s investment companies team covered Molten Ventures (GROW), which posted a 7.9% H126 NAV per share total return and maintains a good realisation pace. Aberdeen Asian Income Fund (AAIF) celebrated its 20th anniversary with improved performance under new manager Isaac Thong, who has increased portfolio activity by reducing geographic positions and increasing stock-specific risk. Partners Group Private Equity Limited (PEY) continues its strong exit activity, which could trigger sizeable buybacks. The scheme of arrangement involving Hansa Investment Company (HAN) and Ocean Wilsons Holdings (OCN) has recently become effective. Baillie Gifford US Growth Trust’s (USA’s) is in talks regarding a transformational merger with Edinburgh Worldwide Investment Trust (EWI), despite opposition from EWI shareholder Saba Capital Management. Templeton Emerging Markets Investment Trust (TEMIT) delivered strong H126 performance with significant NAV and share price outperformance versus the MSCI Emerging Markets Index. Worldwide Healthcare Trust (WWH) had its best six-month performance in a decade in H126. BlackRock Greater Europe Investment Trust (BRGE) has appointed Brian Hall as co-manager alongside Stefan Gries to reduce volatility and add flexibility after growth-style headwinds hurt performance.


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