Your vote counts: investment trust AGMs in June 2024
Kepler Trust Intelligence highlights investment trust AGMs taking place this month.
31st May 2024 09:42
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June is set to be a busy month for the investment trust world, with more than 40 closed-ended funds holding their annual general meeting (AGM).
That includes funds investing in traditional assets, such as global equities, as well as alternatives, whether that be real estate, hedge fund strategies, or private equity.
AGMs provide investors with a great opportunity to hear how the people they’ve invested with are managing their money and to get their thoughts on the wider market. They also offer investors the opportunity to vote on resolutions put forward by the investment trust.
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Below, we look at three trusts holding their AGMs next month to give you a taste of what those proposals can look like.
Invesco Perpetual UK Smaller Companies
As well as UK smaller companies, Invesco Perpetual UK Smaller Companies (LSE:IPU)Â also invests in medium-size companies. Its fund managers recently used gearing (borrowing to invest) for the first time in several years, reflecting their view that the UK stock market is attractively valued. Next month will see shareholders vote on a resolution to continue the fund. The managers do have a long-term track record of outperformance and hold such votes every third year.
Vietnam Enterprise Investments
This is one of the only three trusts that invests in the Vietnamese stock market. Vietnam has become an increasingly attractive market over the last few years and a number of emerging market managers have been boosting exposure to the country as a result.
Vietnam Enterprise Investments (LSE:VEIL) shareholders will be asked to approve the board’s ability to buy back shares. Trusts tend to buy back shares to manage a widened discount to net asset value (NAV), which is why VEIL’s board is asking for this approval.
NB Private Equity Partners
Next month, investors in NB Private Equity Partners (LSE:NBPE) will be asked to vote on a couple of key resolutions. One is to ratify dividend payouts. Another is to give the investment trust board the ability to issue new shares, something that is typically done if a trust trades at a premium.
Investment trust | AIC sector | AGM date |
Debt - Loans & Bonds | 30/05/2024 | |
Debt - Direct Lending | 30/05/2024 | |
Private Equity | 03/06/2024 | |
Infrastructure | 04/06/2024 | |
VCT Generalist | 05/06/2024 | |
Hedge Funds | 05/06/2024 | |
Debt - Structured Finance | 05/06/2024 | |
Debt - Structured Finance | 05/06/2024 | |
Renewable Energy Infrastructure | 06/06/2024 | |
UK Smaller Companies | 06/06/2024 | |
Japanese Smaller Companies | 06/06/2024 | |
Onward Opportunities | UK Smaller Companies | 10/06/2024 |
Renewable Energy Infrastructure | 12/06/2024 | |
UK All Companies | 12/06/2024 | |
Debt - Direct Lending | 12/06/2024 | |
Global Equity Income | 12/06/2024 | |
Infrastructure | 12/06/2024 | |
Renewable Energy Infrastructure | 12/06/2024 | |
Private Equity | 12/06/2024 | |
Debt - Direct Lending | 12/06/2024 | |
Renewable Energy Infrastructure | 13/06/2024 | |
North America | 13/06/2024 | |
Property - Debt | 13/06/2024 | |
Technology & Technology Innovation | 13/06/2024 | |
Renewable Energy Infrastructure | 14/06/2024 | |
Property - Debt | 18/06/2024 | |
Ceiba Investments | Property - Rest of World | 18/06/2024 |
China / Greater China | 19/06/2024 | |
Renewable Energy Infrastructure | 19/06/2024 | |
Property - Europe | 19/06/2024 | |
Property - UK Commercial | 20/06/2024 | |
UK Smaller Companies | 20/06/2024 | |
Renewable Energy Infrastructure | 20/06/2024 | |
Global | 20/06/2024 | |
Infrastructure | 20/06/2024 | |
North America | 21/06/2024 | |
Private Equity | 21/06/2024 | |
Country Specialist | 24/06/2024 | |
Property - Europe | 24/06/2024 | |
Debt - Loans & Bonds | 25/06/2024 | |
India / Indian Subcontinent | 26/06/2024 | |
Global Emerging Markets | 26/06/2024 |
These articles are provided for information purposes only. Â Occasionally, an opinion about whether to buy or sell a specific investment may be provided by third parties. Â The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.
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