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1 week ago | 
citywire.com | David Stevenson
This will be David Stevenson’s final column for Investment Trust Insider. We would like to thank him for all the columns over the years. You can find his Substack here.
For the last few months, I’ve been saying to anyone who cares to listen that active exchange-traded funds (ETFs) are a potent, long-term threat to the equity heartland of investment trusts. That said, I don’t want to over-dramatise the danger.
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2 weeks ago | 
ft.com | David Stevenson
It feels like private assets are at a tipping point.
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1 month ago | 
ft.com | David Stevenson
An extraordinary price war is going on in the world of investment platforms, with the interest paid on both uninvested cash and in cash...
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2 months ago | 
citywire.com | Michelle McGagh |David Stevenson
Experienced investment trust picker Peter Hewitt will retire this year, handing over CT Global Managed Portfolio to a new duo in October.
Hewitt has managed the fund of investment trusts which is split into two parts – £87m CT Global Managed Portfolio Growth (CMPG) and £57m CT Global Managed Portfolio Income (CMPI) – since its launch in 2008.
He first managed it under the BMO Global Asset Management brand and latterly under Columbia Threadneedle following an acquisition in 2022.
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Mar 7, 2025 | 
ft.com | David Stevenson
I’m one of the vanishingly small number of people who think inheritance tax is a cracking idea and very rational.
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Feb 20, 2025 | 
moneyweek.com | David Stevenson
The investment world loves to put stocks and bonds into nice, simple “boxes”. Sometimes, though, the labels are misleading, and so it is with frontier markets. The idea seems simple. These exotic investment destination countries represent the “frontier” and even have their benchmark indices, such as the MSCI Frontier Markets index. Dig a little deeper, though, and what constitutes frontiers seems haphazard.
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Feb 7, 2025 | 
knowledge.sharescope.co.uk | David Stevenson
Investing in small and micro-cap stocks can be a risky exercise at the best of times, which is probably why funds and especially actively managed investment trusts have proved so popular. But there’s been a weight of academic research into small-cap investing, and it’s increasingly suggesting that small caps, especially in the UK, might not be such a rewarding exercise. Our monthly fund’s article digs a bit deeper whilst also pointing to a small UK fund that might be worth looking more closely at.
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Feb 3, 2025 | 
citywire.com | Jeremy Gordon |Dylan Lobo |Himanshu Singh |David Stevenson
Brooks Macdonald has chosen LIFT co-founder Michael Holding to spearhead its push into financial planning.
Holding’s appointment to the newly created posted of head of financial planning was announced in tandem with Brooks’ completion of its £45m deal to acquire LIFT.
The acquisition of the Manchester-based advice firm, first announced last October, adds around £1.6bn in assets under management to Brooks’ coffers.
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Feb 3, 2025 | 
citywire.com | Jeremy Gordon |Himanshu Singh |David Stevenson |Dylan Lobo
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Jan 31, 2025 | 
citywire.com | Dylan Lobo |Jeremy Gordon |David Stevenson |Laura Ventom
Janus Henderson has bought nearly 5% of the European Smaller Companies Trust (ESCT) that it manages ahead of a crunch vote on the fund’s future next week. The £696m investment trust is one of seven being targeted by US activist Saba Capital. The European small-caps portfolio, managed by Janus Henderson’s Ollie Beckett, faces a vote next Wednesday over Saba’s plans to oust its board before taking control of the vehicle.
