Record year for trust mergersCombination to create £353 million vehicleKartik Kumar to join PhoenixArtemis Alpha Trust (ATS) has agreed to be taken over by UK All Companies sector rival Aurora Investment Trust (ARR) as the record year for investment trust mergers continues.Sub-scale, underperforming funds are combining with larger rivals to remedy wide discounts to NAV (net asset value) and...

Aurora Investment Trust (ARR) 243pMarket cap: £185.3 millionInvestors seeking a value-oriented fund focused on avoiding permanent capital losses first and foremost, while offering exposure to the improving consumer outlook among other themes, should buy Aurora Investment Trust (ARR). Managed by long-term value investment firm Phoenix, the dividend-paying trust?s 10.2% discount to NAV (net...

It has been a difficult year for investment trusts as a whole. Discounts have widened across various sectors and there have been a series of failed continuation votes and mergers. Yet some trusts have still done extremely well - relative both to the wider market and their peer group. In this article we shine a light on the biggest outperformers in some of the Association of Investment...

Value stocks have outperformed growth stocks by 12% since Pfizer (PFE:NYSE) announced the first effective Covid-19 vaccine on 9 November 2020. That's comparing the MSCI World Value index against the MSCI World Growth index.We have reason to believe the value investing style could soon deliver even bigger outperformance given the shift in the backdrop from cheap money to more normalised...