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This shows the number of portfolios you hold. Portfolios can be constructed from Unit Trusts & OEICs,IMA Unit Trusts & OEICs,Investment Trusts,Pension Funds,Life Funds,Offshore Funds,Exchange Traded Funds and cash. Holdings and acquisition costs can be recorded so that profits/losses can be calculated. These can be calculated in terms of a number of base currencies. Overall portfolio values, as well as portfolio constituents, can be made the subject of alerts.
You have one watchlist, and this shows you the number of items currently stored in the watchlist. Items stored here do not have holdings records, so this list simply monitors the price of items held, which can also be subject to alerts
This is designed to be a temporary collection of items selected by you for further analysis in the tools section. Items can be subsequently transferred from the Basket to the Watchlist or Portfolio.
Do you have exposure to one of Mark Barnett’s Invesco Perpetual High Income or Income funds?
The Company’s objective is to provide long term growth in income and capital, principally by investment in UK equities. The board continues to recognise the importance of dividend income to shareholders.
All prices in Pence Sterling (GBX) unless otherwise specified.
Price total return performance figures are calculated using closing mid prices and with net income (dividends) reinvested.
NAV total return performance figures are calculated using fully diluted (where applicable) daily estimated NAV figures from Thomson Financial Datastream and with gross income (dividends) reinvested.
Can someone tell me what impact the almost continuous issue of new shares is having on the dividend? Surely these are diluting the dividends received as these are now spread over an ever increasing number of shares. If so, how can they possibly increase the payout without surrendering capital.
None at all. They are what are known as ‘tap issues’ and City of London only issues such relatively small numbers of shares into the secondary market to maintain liquidity and satisfy market-maker demand. Effectively, City of London is using tap issues as a means of premium control as opposed to that of discount control. When done with the frequency that City of London appears to be doing it then the relatively small (albeit regular) inflows of cash raised from such tap issues are easily absorbed onto the portfolio’s balance sheet. If not required for investment, such tap issue cash raised invariably ends up being set aside to cover costs associated with running the trust. That way the fund manager is less inclined to trim holdings to raise cash to meet costs. And, if holdings are not being trimmed back then it follows that the bits that remain untrimmed are generating revenues that in turn becomes dividends – hence no dilution if such tap issues are managed correctly.
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What is fundswire?
Fundswire lets you to keep track of the funds, managers and groups you’re interested in.
For funds you follow via Fundswire we’ll alert you to any significant developments, whether changes in performance or risk characteristics, a new rating or award, or a change of fund manager.
City of London IT: Net Asset Value(s)
11:51 AM | 30-Jul-2014
Monks Inv.Trust: Net Asset Value(s)
11:42 AM | 30-Jul-2014
Lyxor ETF Turkey20 $: Net Asset Value(s)
10:08 AM | 30-Jul-2014
City of London IT: Issue of Equity
04:33 PM | 29-Jul-2014
Investors Cap Trust: Net Asset Value(s)
03:33 PM | 29-Jul-2014
You can now buy & sell funds and shares at our new sister-site at highly competitive rates
You are being transferred to our sister website, Trustnet Direct, where you will be able to complete this transaction.
Proceed to Trustnet Direct
13:00 | Monday, January 20, 2014