Investment Trusts

Baillie Gifford's £2.5bn Scottish Mortgage investment trust's share price grew 22% over the past year, largely driven by its exposure to technology, according to the deputy manager.

The investment trust industry is backing the RDR initiative wholeheartedly. Simon Cordery, head of investment trust investor relations at F&C Investments, explains why.

Brewin Dolphin has thrown its weight behind Alliance Trust and said it will vote against the resolution put forward by Laxey Partners to introduce a discount control mechanism.

Almost half of RAB Capital's Special Situations investment trust will be invested in the Master fund of the same name when redemption requests are paid out in October.

Gervais William's first launch through MAM Funds in his new role as managing director has met its capital raising target of £50m.

The Witan Pacific investment trust has declared a final dividend of 2.8p, a rise of one-third year on year, after seeing the NAV soar more than 25%.

MAM Funds' Nick Greenwood has upped arbitrageur plays to 33% in his £35m Miton Worldwide Growth investment trust.

Laxey Partners has rebuffed Alliance Trust's claim its TER is one of the lowest in its peer group, stating research shows it has almost doubled since the merger with Second Alliance Trust in 2006.

ALLIANCE TRUST VS LAXEY

Fidelity's Anthony Bolton has warned China's property sector faces major headwinds in the second half of 2011.