Aberdeen Emerging Markets Investment Company Limited (AEMC)

Should fund managers really need any extra incentive to deliver for investors given they are already being paid a fee to do their job?  Until recently it was commonplace for the managers of investment trusts to receive a performance fee on top of their management fee if they exceeded a specified level of return. Increasingly, this structure is being abandoned by trusts, though around a ...

When investors buy shares in quoted companies they know that their capital is at risk and that the companies they own could underperform or in the worst-case scenario go bust. If a stock underperforms the market for a long period of time, sometimes a big activist investor will step in and demand changes in order to raise the value of the business and the shares. Edward Bramson took a stake ...

Management and performance fees may not be the most important consideration when weighing up the merits of particular investment trust, but they are certainly key. The greater the costs of a fund, the harder your investments have to work to generate a positive return. Investment companies pay a fee to fund managers for managing the portfolio. They may also pay a performance fee, if the manager ...

As global stock markets roar to all-time highs investors face an increasingly tricky hunt for value. One of the most popular ways to identify value within the investment trust space is to look at the discount to net asset value or NAV per share. In other words, how much lower is a trust’s share price trading than the NAV attributable to each individual share. As Shares has explained in ...

Emerging markets enjoyed a significant comeback in 2016, despite a pullback towards the end of the year. The outlook remains equally exciting, so let’s look at the key drivers and some of the investment trusts that provide exposure to this region. The MSCI Emerging Markets Net Total Return Index increased by 32.6% in sterling terms during 2016. That’s the first year of outperformance ...