Take on Trusts – March 2024

Take on Trusts – March 2024

In March, we extensively covered the listed private equity sector with our thematic note and webinar featuring panellists from abrdn, Columbia Threadneedle and Oakley Capital. We also published research and a 60-second audio piece on the abrdn Private Equity Opportunities Trust, which achieved a 5.4% NAV TR in FY23 (to end-September 2023) despite muted private equity deal activity and foreign exchange headwinds. We discussed HgT’s strong portfolio earnings growth and realisation activity in an update note, as well as in an episode of our new Uncovering Trusts podcast. Beyond private equity, we released an update note and EdisonTV interview with Foresight Solar Fund, which celebrated its 10-year LSE listing anniversary with decade-high cash distributions from assets of £120.4m. We also covered The Biotech Growth Trust’s strategy of focusing on smaller-cap biotech stocks, which is once again bearing fruit, and how abrdn UK Smaller Companies Growth Trust’s performance is improving as investors focus on company fundamentals rather than macroeconomic developments.


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