This is not substantive investment research or a research recommendation, as it does not constitute substantive research or analysis. This material should be considered as general market commentary.
Markets had a great first half to 2021 following on from what was a strong 2020, just as we all would have expected during a pandemic, no doubt! Our discounted opportunities portfolio has performed respectably in the six months to the end of June. We had one great success, with a trust leaving the list after a barnstorming rally, but overall results from a NAV and discount perspective were mixed, as we discuss below. Overall share price ratings are now high in the investment trust space, with deeply discounted opportunities thin on the ground. Below we look at the performance of our discounted opportunities portfolio before checking in on the performance of our rated funds, which managed, in aggregate, to grind out positive alpha over the first six months of the year.
Kepler Trust Intelligence provides research and information for professional and private investors. In order to ensure that we provide you with the right kind of content, and to ensure that the content we provide is compliant, you need to tell us what type of investor you are.Continue