Discounts to the value of assets held, and more rarely premiums, are par for the course when it comes to investment trusts. These are best understood as the gap between the share price and the net asset value (NAV). For example, a trust with 100p of assets per share and a 95p share price trades at a 5% discount to NAV. Discounts can give savvy investors the chance to buy assets for less than...

Listed infrastructure and renewable trusts have had a torrid time over the last three years with average discounts to NAV (net asset value) drifting out to between 30% and 40%.In our view the gloom and doom gone too far, with the headwinds impacting NAVs have starting to dissipate, opening the prospect of a strong recovery.We have noticed some green shoots of broad share price strength since...

For readers who may not be aware, being market-cap weighted both the FTSE 100 and the FTSE 250 index are reviewed and rebalanced every three months to take account of share price movements.In the previous review, which took place at the end of February, budget airline group EasyJet (EZJ) won promotion to the FTSE 100 while precious metals group Endeavour Mining (EDV) was relegated to the FTSE...

Rewind to 2020, five years on from the landmark Paris Agreement to combat climate change, and aside from the pandemic the big stories in markets were the ?climate emergency? and the ?energy transition?.Although the Glasgow COP26 conference had to be postponed until 2021 due to Covid, there was no shortage of high-profile events from Manchester?s virtual four-day Green Summit to the WEF (World...

The future of wind-powered energy in the UK looks uncertain after the recent failure of the Government's offshore wind auction to attract a single bidder and a rolling back of net zero targets.However, as this author's recent visit to the official opening of the Cumberhead wind farm in Scotland shows, there are still projects being developed onshore as the country looks to transition away from...