December 2017
Cover research
Race to the bottom

Ahead of the new PRIIPS rules we examine the progress investment trust boards are making in reducing costs...

Fund research
JPMorgan Japanese Investment Trust

A growth-orientated Japan equity trust run by a highly-resourced team that has very low operational costs

Fund Research
Standard Life Equity Income

A highly differentiated UK equity income trust with a clear focus on dividend growth

Fund Research
Mid Wynd International

A global equity offering which aims to grow wealth with a clear focus on delivering steady returns throughout the cycle, and in particular avoiding downside capture during negative phases...

Fund research
Schroder UK Growth

A value-orientated UK equity trust with a bias towards FTSE 350 that has very low charges despite its size

Fund Research
Henderson Smaller Companies

A long-term track record of NAV outperformance, carrying the lowest ongoing charges and management fee in the UK Smaller Companies sector

Fund Research
Majedie Investments Plc

RESULTS: The trust increased its dividend by around 11% last year, and currently yields 3.5% - far more than any other trust in its sector - but the discount remains wide...

Fund research
BlackRock Emerging Europe

A top-performing emerging European trust that has delivered significant alpha generation...

Asia-Pacific
Baillie Gifford
Managing Growth in Asia

Ewan Markson-Brown thinks any weakness for Asian shares could be a buying opportunity for long-term investors...

Fund Research
BlackRock Emerging Europe
November 2017
Sector report
Race ready

Our analysis suggests conditions are right for emerging markets fund managers who can add real alpha to generate strong returns...

Opinion
Is high turnover inconsistent with being a long-term investor?

Veteran Asia Pacific fund manager Matthew Dobbs sees no reason why the former should preclude the latter...

Fund research
The BlackRock Income and Growth Investment Trust

A portfolio of UK equities with a focus on companies that can generate attractive income and capital growth.

Fund research
Fidelity China Special Situations

A multi-cap Chinese equity trust that has generated significant alpha over the years yet trades on a double-digit discount

Fund research
Invesco Asia

A top-performing trust that invests across Asia and across the market cap spectrum via a value-orientated strategy

Fund research
NB Private Equity Partners

A unique approach to private equity that has delivered strong capital growth and income generation...

Fund research
Menhaden Capital

A value focused investment trust, trading on a very wide discount, which seeks to generate long term capital growth and income

Outlook
Invesco Perpetual
A stock picker’s approach to managing the macro

Mark Barnett, Head of UK Equities at Invesco Perpetual, discusses the risks and opportunities facing the UK Equity market

Income
UK Smaller Companies – an alternative to the income dilemma?

A focus on high quality cash generative businesses and a progressive dividend policy makes this trust an interesting option...

Small-caps
Standard Life Investments
Low risk, high returns?

SLI’s Harry Nimmo assesses the latest academic findings to reveal why it’s possible to have the best of both worlds

Model portfolio
Under pressure

Our model portfolio designed as an annuity alternative is coping so far, but may struggle to keep pace with inflation at this rate…

Cover research
Thin ice

Our analysis shows the extent to which funds in the UK equity income sector are concentrated on just a few dividend paying stocks, revealing significant systemic risk…

Fund Research
Starwood European Real Estate Finance

Generating a reliable income from property backed loans

Fund research
Greencoat UK Wind

A differentiated trust generating both income and capital growth from operating UK wind farms

Fund research
Aberdeen Diversified Income & Growth

A very broadly diversified portfolio which aims to generate an “attractive” yield though a low volatility multi-asset approach

Fund Research
Empiric Student Property

A diversified portfolio of student properties around the UK, the majority of which are let to international students

Fund Research
Henderson Diversified Income

A unique vehicle and provides an excellent one-stop-shop for generalist investors to get exposure across a wide spread of credit markets

Fund research
Chelverton Small Companies Dividend

A small-cap income fund carrying the maximum Kepler Income Rating

Fund Research
Schroder Income Growth

A UK income trust run via pragmatic approach that aims to blending higher-yielding shares to try and bolster income generation with lower yielding shares that should help maintain dividend and capi...

Fund research
Diverse Income Trust

A UK multi-cap income trust with a small-cap bias that shows investors don’t need to focus on the most popularly-held dividend stocks for yield

Close

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Close Current Site Kepler Trust Intelligence is produced by the investment companies team at Kepler Partners and is the UK’s premier source of detailed qualitative research on investment trusts. Absolute Hedge is a market leading UCITS research database providing proprietary research on funds, themes and strategies in the UCITS space. Kepler Liquid Strategies is a Dublin domiciled UCITS fund platform featuring a number of best-of-breed fund managers. Kepler Partners is a corporate advisory and asset raising boutique specialising in the regulated funds market in Europe and investment trusts in the UK.