Since we last reviewed our portfolio of discount opportunities, an awful lot has happened. The period from October to December saw a new Brexit deal, followed by the UK government winning a parliamentary majority to implement it. Both were bullish for UK and European markets, and led to a sharp rally in markets and a rapid narrowing of investment trust discounts. Globally, the mood was pretty optimistic for 2020; with a growing number of managers and commentators forecasting a rally in cyclical ....
18 Mar 2020
Always darkest before the dawn
Always darkest before the dawn
Scottish Oriental Smaller Companies Trust PLC (SST:LON), 0 | Barings Emerging EMEA Opportunities PLC GBP (BEMO:LON), 0 | Schroder Japan Trust PLC (SJG:LON), 250 | Tetragon Financial Group Limited (TFG:LON), 965 | Oakley Capital Investments Ltd Registered (OCI:LON), 476
- Published:
18 Mar 2020 -
Author:
Thomas McMahon, CFA -
Pages:
5
Since we last reviewed our portfolio of discount opportunities, an awful lot has happened. The period from October to December saw a new Brexit deal, followed by the UK government winning a parliamentary majority to implement it. Both were bullish for UK and European markets, and led to a sharp rally in markets and a rapid narrowing of investment trust discounts. Globally, the mood was pretty optimistic for 2020; with a growing number of managers and commentators forecasting a rally in cyclical ....