http://www.trustnet.com/News/NewsHome.aspxTrustnet, Free daily updated analysis and price / performance data on all UK Unit Trusts, OEICs, Investment Trusts, Pension, Insurance Bond and Offshore Funds, Structured Products, ETFs and VCTsen-gbWed, 01 Jul 2026 01:43:45 GMTWed, 01 Jul 2026 01:43:45 GMThttp://www.trustnet.comUltraEditeditorial@trustnet.commail@trustnet.comhttp://www.trustnet.comhttp://www.trustnet.com/images/FETN_Logo.pnghttp://www.trustnet.com/News/13479384/you-can-sell-a-10-bagger-but-not-the-benchmark/Matteo AnelliAberdeen’s Gabriel Sacks explains what happens when the benchmark re-rates faster than you can sell.Tue, 30 Jun 2026 16:00:00 GMThttp://www.trustnet.com/News/13479384/you-can-sell-a-10-bagger-but-not-the-benchmark/http://www.trustnet.com/News/13479439/america-at-250-are-trust-managers-backing-the-worlds-dominant-stock-market/Gary JacksonThere are questions over how long US dominance can continue.Tue, 30 Jun 2026 15:00:00 GMThttp://www.trustnet.com/News/13479439/america-at-250-are-trust-managers-backing-the-worlds-dominant-stock-market/http://www.trustnet.com/News/13479383/after-a-decade-of-dominance-large-caps-face-a-more-level-playing-field/Emmy HawkerValuation gaps, governance reform and shifting capital flows are reshaping expectations across global regions.Tue, 30 Jun 2026 13:00:00 GMThttp://www.trustnet.com/News/13479383/after-a-decade-of-dominance-large-caps-face-a-more-level-playing-field/http://www.trustnet.com/News/13479404/avoiding-concentration-risk-in-asian-equity-markets/Xin-Yao NgInvesting in large-caps around the world is a flawed way to gain diversification.Tue, 30 Jun 2026 11:00:00 GMThttp://www.trustnet.com/News/13479404/avoiding-concentration-risk-in-asian-equity-markets/http://www.trustnet.com/News/13479337/the-cheapest-investment-trusts-relative-to-their-own-history/Jonathan JonesMore than 20 investment trusts are on discounts more than 10 percentage points wider than their five-year average.Tue, 30 Jun 2026 07:00:00 GMThttp://www.trustnet.com/News/13479337/the-cheapest-investment-trusts-relative-to-their-own-history/http://www.trustnet.com/News/13479375/self-employed-workers-are-sleepwalking-into-a-retirement-crisis/Emmy HawkerPension experts outline flexible tactics to help freelancers grow their pension pots.Mon, 29 Jun 2026 16:00:00 GMThttp://www.trustnet.com/News/13479375/self-employed-workers-are-sleepwalking-into-a-retirement-crisis/http://www.trustnet.com/News/13479373/blue-whales-yiu-money-is-being-wasted-on-ai--and-thats-fine/Matteo AnelliThe manager warns about LSEG: Having the data is not enough.Mon, 29 Jun 2026 13:00:00 GMThttp://www.trustnet.com/News/13479373/blue-whales-yiu-money-is-being-wasted-on-ai--and-thats-fine/http://www.trustnet.com/News/13479333/the-inflation-challenge-beyond-the-middle-east/Simon PriorFor much of the past three decades, globalisation acted as a powerful disinflationary force. That regime is now over.Mon, 29 Jun 2026 11:00:00 GMThttp://www.trustnet.com/News/13479333/the-inflation-challenge-beyond-the-middle-east/http://www.trustnet.com/News/13479305/crown-jewels-the-specialist-funds-that-held-their-top-fe-fundinfo-rating/Matteo AnelliTrustnet looks at which funds in the IA Specialist and IA Unclassified sectors have maintained a five-Crown FE fundinfo rating for the longest stretch of the past decade.Mon, 29 Jun 2026 07:00:00 GMThttp://www.trustnet.com/News/13479305/crown-jewels-the-specialist-funds-that-held-their-top-fe-fundinfo-rating/http://www.trustnet.com/News/13479253/renewable-energy-is-deflationary-for-the-uk-says-49bn-fund-manager/Jonathan JonesIt is cheaper to build a wind farm than use gas, meaning renewable energy sources are now more cost-efficient. Fri, 26 Jun 2026 13:00:00 GMThttp://www.trustnet.com/News/13479253/renewable-energy-is-deflationary-for-the-uk-says-49bn-fund-manager/http://www.trustnet.com/News/13479251/i-was-briefly-in-the-top-1-of-stock-pickers-and-this-is-what-i-learned/Gary JacksonKnowing about investment biases in advance made no difference in helping me avoid them.Fri, 26 Jun 2026 11:00:00 GMThttp://www.trustnet.com/News/13479251/i-was-briefly-in-the-top-1-of-stock-pickers-and-this-is-what-i-learned/http://www.trustnet.com/News/13479192/why-most-investors-ignore-the-biggest-driver-of-returns-and-the-changing-face-of-high-yield-investing-thoughts-from-fundswire-this-week/Diana LlewellynThis week's Fundswire round-up brings together views from five asset managers on topics spanning investor behaviour, credit markets, Asian equities and global strategy.Fri, 26 Jun 2026 10:45:00 GMThttp://www.trustnet.com/News/13479192/why-most-investors-ignore-the-biggest-driver-of-returns-and-the-changing-face-of-high-yield-investing-thoughts-from-fundswire-this-week/http://www.trustnet.com/News/13479198/is-now-the-time-to-buy-gold-or-has-the-shine-come-off/Jonathan JonesExperts ask if now is a good time to dive in or if better opportunities will present themselves down the line.Fri, 26 Jun 2026 07:00:00 GMThttp://www.trustnet.com/News/13479198/is-now-the-time-to-buy-gold-or-has-the-shine-come-off/http://www.trustnet.com/News/13479150/id-slap-myself-for-saying-this-why-this-multi-asset-manager-feels-safer-in-mexico-than-france/Matteo AnelliOvervaluation in developed markets is counterintuitively pushing Vontobel into emerging markets.Thu, 25 Jun 2026 16:00:00 GMThttp://www.trustnet.com/News/13479150/id-slap-myself-for-saying-this-why-this-multi-asset-manager-feels-safer-in-mexico-than-france/http://www.trustnet.com/News/13479149/from-streeting-to-cooper-nine-names-in-the-running-to-be-burnhams-chancellor/Gary JacksonWith Andy Burnham expected to become prime minister, analysts at AJ Bell assess nine potential chancellors and the economic policies each might pursue.Thu, 25 Jun 2026 13:00:00 GMThttp://www.trustnet.com/News/13479149/from-streeting-to-cooper-nine-names-in-the-running-to-be-burnhams-chancellor/http://www.trustnet.com/News/13479151/the-power-of-localised-ecosystems/Annabelle MillerThe best way to invest is through local suppliers.Thu, 25 Jun 2026 11:00:00 GMThttp://www.trustnet.com/News/13479151/the-power-of-localised-ecosystems/http://www.trustnet.com/News/13479148/the-most-common-investment-scam-investors-fall-for/Emmy HawkerThu, 25 Jun 2026 10:30:00 GMThttp://www.trustnet.com/News/13479148/the-most-common-investment-scam-investors-fall-for/http://www.trustnet.com/News/13479126/the-cheapest-active-uk-funds-posting-the-best-long-term-returns/Emmy HawkerThree low-cost active funds have posted top-decile 10-year returns across the IA UK equity sectors.Thu, 25 Jun 2026 07:00:00 GMThttp://www.trustnet.com/News/13479126/the-cheapest-active-uk-funds-posting-the-best-long-term-returns/http://www.trustnet.com/News/13479101/tech-has-much-further-to-run-as-long-as-investors-will-pay-unreasonable-prices-says-scottish-mortgages-slater/Jonathan JonesThe trust manager explains why he is excited to be investing in private companies again following the SpaceX IPO.Wed, 24 Jun 2026 16:00:00 GMThttp://www.trustnet.com/News/13479101/tech-has-much-further-to-run-as-long-as-investors-will-pay-unreasonable-prices-says-scottish-mortgages-slater/http://www.trustnet.com/News/13479100/5-reasons-why-us-micro-caps-should-be-in-your-portfolio/Rob GordonToday's micro-cap universe contains thousands of established businesses.Wed, 24 Jun 2026 13:00:00 GMThttp://www.trustnet.com/News/13479100/5-reasons-why-us-micro-caps-should-be-in-your-portfolio/http://www.trustnet.com/News/13477706/ai-in-investing-more-consensus-less-insight/Orbis InvestmentsOrbis argues that as AI tools amplify shared narratives and accelerate sentiment cycles, the ability to hold positions that differ from consensus before it shifts is becoming the defining edge in active management.Wed, 24 Jun 2026 12:30:00 GMThttp://www.trustnet.com/News/13477706/ai-in-investing-more-consensus-less-insight/http://www.trustnet.com/News/13479067/rising-mortgage-rates-could-swallow-268k-in-future-retirement-savings/Emmy HawkerStandard Life analysis highlights the importance of tighter budgeting, tax relief and salary sacrifice to preserve pension contributions.Wed, 24 Jun 2026 12:00:00 GMThttp://www.trustnet.com/News/13479067/rising-mortgage-rates-could-swallow-268k-in-future-retirement-savings/http://www.trustnet.com/News/13479068/from-cash-curbs-to-a-new-first-home-product-the-isa-overhaul-explained/Matteo AnelliTwo separate sets of changes reshape the ISA landscape – one targets cash savers, the other aspiring homeowners.Wed, 24 Jun 2026 11:15:00 GMThttp://www.trustnet.com/News/13479068/from-cash-curbs-to-a-new-first-home-product-the-isa-overhaul-explained/http://www.trustnet.com/News/13477935/how-the-new-ai-economy-is-reshaping-global-credit-markets/Mark Stodden and Tom DignaccoDiscover how AI-driven capital spending is tapping fixed income markets for funding.Wed, 24 Jun 2026 10:45:00 GMThttp://www.trustnet.com/News/13477935/how-the-new-ai-economy-is-reshaping-global-credit-markets/http://www.trustnet.com/News/13479066/how-financial-advisers-can-attract-younger-clients/Jonathan JonesNatixis Investment Managers’ 2026 Finance Adviser’s survey looks at some of the biggest challenges in the world of advice.Wed, 24 Jun 2026 10:30:00 GMThttp://www.trustnet.com/News/13479066/how-financial-advisers-can-attract-younger-clients/http://www.trustnet.com/News/13479016/the-best-performing-uk-and-european-funds-10-years-after-the-brexit-referendum/Gary JacksonA decade on from the vote to leave the EU, European equity funds have significantly outpaced their UK equivalents.Wed, 24 Jun 2026 07:00:00 GMThttp://www.trustnet.com/News/13479016/the-best-performing-uk-and-european-funds-10-years-after-the-brexit-referendum/http://www.trustnet.com/News/13479021/orbis-alec-cutler-the-uk-has-engineered-its-own-energy-crisis/Emmy HawkerThe manager is concerned that an Ed Miliband chancellorship would deepen the UK’s energy insecurity and strangle North Sea oil and gas producers.Tue, 23 Jun 2026 16:00:00 GMThttp://www.trustnet.com/News/13479021/orbis-alec-cutler-the-uk-has-engineered-its-own-energy-crisis/http://www.trustnet.com/News/13478980/nobel-prize-winner-europe-is-doomed-without-major-changes/Jonathan JonesPhilippe Aghion explains how Europe can play an important role in the next wave of the AI revolution, if it gets certain policy decisions right.Tue, 23 Jun 2026 13:00:00 GMThttp://www.trustnet.com/News/13478980/nobel-prize-winner-europe-is-doomed-without-major-changes/http://www.trustnet.com/News/13472341/why-the-emerging-markets-trade-is-nowhere-near-its-end/The Trustnet teamCarmignac's Naomi Waistell argues the artificial intelligence (AI) build-out is not a single bottleneck but a series of them, with the opportunity migrating through cooling, power, connectivity and packaging as each constraint in turn hits its limit.Tue, 23 Jun 2026 12:30:00 GMThttp://www.trustnet.com/News/13472341/why-the-emerging-markets-trade-is-nowhere-near-its-end/http://www.trustnet.com/News/13478979/risk-of-air-pockets-as-ai-enablers-fly-higher/James ThomsonHistory shows that extreme concentration in a supercycle can lead to painful market corrections as leveraged one-way bets unravel. Tue, 23 Jun 2026 11:00:00 GMThttp://www.trustnet.com/News/13478979/risk-of-air-pockets-as-ai-enablers-fly-higher/http://www.trustnet.com/News/13478931/the-sp-500-now-yields-less-than-a-savings-account--what-should-investors-do/Matteo AnelliThe world's most popular index has become one enormous bet on AI.Tue, 23 Jun 2026 07:00:00 GMThttp://www.trustnet.com/News/13478931/the-sp-500-now-yields-less-than-a-savings-account--what-should-investors-do/http://www.trustnet.com/News/13478925/large-cap-domination-is-not-just-a-us-phenomenon/Emmy HawkerThe reasons smaller companies have struggled go well beyond the rise of US mega-cap tech, according to fund managers.Mon, 22 Jun 2026 16:00:00 GMThttp://www.trustnet.com/News/13478925/large-cap-domination-is-not-just-a-us-phenomenon/http://www.trustnet.com/News/13478889/oil-tankers-the-post-crisis-opportunity/Mike Clements and Pras JeyanandhanWhy the end of the Hormuz crisis could be the start of a multi-year structural opportunity in crude shipping.Mon, 22 Jun 2026 13:00:00 GMThttp://www.trustnet.com/News/13478889/oil-tankers-the-post-crisis-opportunity/http://www.trustnet.com/News/13478194/emerging-market-debt-is-making-a-comeback/Richard HouseEmerging market debt, seen as high-risk and default-prone, has transformed over the past 30 years into a mainstream allocation. Improving fundamentals, attractive real yields, and a supportive macro environment have driven growing investor confidence, with investors and rating agencies increasingly recognising its resilience and role as a core portfolio holding.Mon, 22 Jun 2026 12:30:00 GMThttp://www.trustnet.com/News/13478194/emerging-market-debt-is-making-a-comeback/http://www.trustnet.com/News/13478893/over-half-of-lps-expect-more-zombie-private-markets-funds/Gary JacksonColler Capital’s Global Private Capital Barometer finds investors bracing for a rise in zombie funds while remaining broadly committed to private markets.Mon, 22 Jun 2026 12:00:00 GMThttp://www.trustnet.com/News/13478893/over-half-of-lps-expect-more-zombie-private-markets-funds/http://www.trustnet.com/News/13478890/starmer-resigns-as-pm-what-does-it-mean-for-uk-markets/Matteo AnelliInvestors await clarity on the next government's economic direction.Mon, 22 Jun 2026 10:30:00 GMThttp://www.trustnet.com/News/13478890/starmer-resigns-as-pm-what-does-it-mean-for-uk-markets/http://www.trustnet.com/News/13477934/when-markets-twist-and-turn-flex-your-fixed-income/Kenneth OrchardThree key reasons to consider an allocation to fixed income.Mon, 22 Jun 2026 10:00:00 GMThttp://www.trustnet.com/News/13477934/when-markets-twist-and-turn-flex-your-fixed-income/http://www.trustnet.com/News/13478757/the-cheapest-and-most-expensive-investment-trust-sectors-relative-to-their-own-history/Jonathan JonesTrustnet looks at the average discounts and premiums across the trust universe.Mon, 22 Jun 2026 07:00:00 GMThttp://www.trustnet.com/News/13478757/the-cheapest-and-most-expensive-investment-trust-sectors-relative-to-their-own-history/http://www.trustnet.com/News/13478869/the-fund-thats-held-ai-winners-through-the-rally-and-is-now-conflicted-about-selling/Matteo AnelliBrunner's Julian Bishop on why the trust sits between two ideological extremes.Fri, 19 Jun 2026 13:00:00 GMThttp://www.trustnet.com/News/13478869/the-fund-thats-held-ai-winners-through-the-rally-and-is-now-conflicted-about-selling/http://www.trustnet.com/News/13477933/bond-markets-and-the-new-inflation-reality/Peter BotoucharovHow to position for a prolonged energy shock.Fri, 19 Jun 2026 12:45:00 GMThttp://www.trustnet.com/News/13477933/bond-markets-and-the-new-inflation-reality/http://www.trustnet.com/News/13478759/the-imperfect-investor-does-more-good-than-one-who-gives-up/Gary JacksonIndividual ESG investing is not a futile gesture but the first link in a compounding chain of behaviour, identity and demand that grows more powerful as more people join it.Fri, 19 Jun 2026 11:00:00 GMThttp://www.trustnet.com/News/13478759/the-imperfect-investor-does-more-good-than-one-who-gives-up/http://www.trustnet.com/News/13478841/the-spacex-valuation-debate-market-concentration-risks-and-mays-etf-inflow-sweep-thoughts-from-fundswire-this-week/Emilie Balloux Aberdeen Investments interrogates the assumptions behind SpaceX's landmark IPO and AllianceBernstein looks at how global equity patterns changed in the past 16 months.Fri, 19 Jun 2026 10:45:00 GMThttp://www.trustnet.com/News/13478841/the-spacex-valuation-debate-market-concentration-risks-and-mays-etf-inflow-sweep-thoughts-from-fundswire-this-week/http://www.trustnet.com/News/13478617/do-bond-markets-have-an-ai-spending-problem/Emmy HawkerBig tech’s AI capex boom is ‘gargantuan’, according to BNY fixed income manager.Fri, 19 Jun 2026 07:00:00 GMThttp://www.trustnet.com/News/13478617/do-bond-markets-have-an-ai-spending-problem/http://www.trustnet.com/News/13478756/after-the-ipo-spacex-is-a-great-company--but-is-it-a-great-investment/Emmy HawkerThe public listing has confirmed SpaceX’s dominance, but its valuation demands flawless execution.Thu, 18 Jun 2026 16:00:00 GMThttp://www.trustnet.com/News/13478756/after-the-ipo-spacex-is-a-great-company--but-is-it-a-great-investment/http://www.trustnet.com/News/13478751/takeover-activity-shows-uk-stocks-are-too-cheap-to-ignore/David BrenchleyThere is now a structural undervaluation of UK plc by public market investors of all stripesThu, 18 Jun 2026 13:00:00 GMThttp://www.trustnet.com/News/13478751/takeover-activity-shows-uk-stocks-are-too-cheap-to-ignore/http://www.trustnet.com/News/13478195/domestic-politics-as-an-alpha-driver-in-em-debt/Giulia PellegriniIt's crucial for active managers to scrutinise local politics for clues about a country's economic trajectory and potentially as a source of uncorrelated investment returns. This month, we examine events in Brazil, Colombia, Hungary, Peru, Romania and Türkiye.Thu, 18 Jun 2026 12:30:00 GMThttp://www.trustnet.com/News/13478195/domestic-politics-as-an-alpha-driver-in-em-debt/http://www.trustnet.com/News/13478711/fed-holds-rates-at-warshs-first-meeting-while-hawkish-dot-plot-divides-analyst-opinion/Gary JacksonKevin Warsh's first FOMC meeting kept rates on hold but produced a hawkish dot plot that surprised markets.Thu, 18 Jun 2026 11:00:00 GMThttp://www.trustnet.com/News/13478711/fed-holds-rates-at-warshs-first-meeting-while-hawkish-dot-plot-divides-analyst-opinion/http://www.trustnet.com/News/13478670/miles-below-fair-value-why-investment-trusts-think-now-is-the-time-for-uk-mid-caps/Emmy HawkerManagers cite decade-low valuations, a rare FTSE 250 yield inversion and rising takeover premia as reasons to build exposure.Thu, 18 Jun 2026 07:00:00 GMThttp://www.trustnet.com/News/13478670/miles-below-fair-value-why-investment-trusts-think-now-is-the-time-for-uk-mid-caps/http://www.trustnet.com/News/13478674/why-personal-assets-trust-is-betting-on-the-yen-at-a-40-year-low/Matteo AnelliTroy's managers explain why a currency most investors avoid could be the portfolio's strongest diversifier.Wed, 17 Jun 2026 16:00:00 GMThttp://www.trustnet.com/News/13478674/why-personal-assets-trust-is-betting-on-the-yen-at-a-40-year-low/http://www.trustnet.com/News/13478441/better-the-devil-you-know-why-the-uk-political-status-quo-is-better-for-investors/Jonathan JonesUK mid- and small-cap fund manager Eustace Santa Barbara explains why Keir Starmer is potentially a more market-friendly choice than Andy Burnham.Wed, 17 Jun 2026 13:00:00 GMThttp://www.trustnet.com/News/13478441/better-the-devil-you-know-why-the-uk-political-status-quo-is-better-for-investors/http://www.trustnet.com/News/13477705/why-resilience-matters-more-than-prediction-in-todays-markets/Orbis InvestmentsOrbis portfolio managers Alec Cutler and Mark Dunley-Owen set out why some of the most resilient opportunities today sit in places many investors have overlooked or avoided.Wed, 17 Jun 2026 12:30:00 GMThttp://www.trustnet.com/News/13477705/why-resilience-matters-more-than-prediction-in-todays-markets/http://www.trustnet.com/News/13478443/we-are-living-in-a-permanent-time-of-crisis-says-former-ecb-president-trichet/Jonathan JonesThere are many structural changes in the world today, he says.Wed, 17 Jun 2026 12:00:00 GMThttp://www.trustnet.com/News/13478443/we-are-living-in-a-permanent-time-of-crisis-says-former-ecb-president-trichet/http://www.trustnet.com/News/13478444/brexit-a-decade-on/Michael BrowneFranklin Templeton's Michael Browne revisits the case for UK assets a decade on, finding that corporate earnings have been more resilient than the political turmoil implied.Wed, 17 Jun 2026 11:00:00 GMThttp://www.trustnet.com/News/13478444/brexit-a-decade-on/http://www.trustnet.com/News/13478481/when-losing-money-the-instinct-is-to-do-something--usually-thats-the-mistake/Matteo AnelliMarkets have been volatile enough this year to rattle even experienced investors.Wed, 17 Jun 2026 07:00:00 GMThttp://www.trustnet.com/News/13478481/when-losing-money-the-instinct-is-to-do-something--usually-thats-the-mistake/