Take on Trusts – May 2024

This month, the investment companies team’s research coverage includes: two new podcast episodes exploring Murray Income Trust and Princess Private Equity; a range of updates and reviews on various investment companies; equity propositions for Henderson International Income Trust and The Diverse Income Trust; a thematic piece on the UK stock market; and several 60-second audiograms, which highlight the key takeaways from a selection of our recent research notes. In May, we updated investors on Canadian General Investments, where the portfolio’s performance has been helped by a holding in NVIDIA, and The Bankers Investment Trust as the board recently adopted a more flexible approach to revenue reserves, enabling the manager to invest in a broader pool of investments. Worldwide Healthcare Trust’s managers are very positive about the healthcare sector’s outlook, due to high levels of innovation and an acceleration in M&A activity. Recent developments in the battery energy storage system sector have prompted Gresham House Energy Storage Fund’s board to refocus its use of capital on maximising cash generation, completing its project pipeline and reducing debt. Until next month, the Edison investment companies team.