David Stevenson explores why UK equities continue to look undervalued, examines an AI-focused investment trust and assesses a new ETF targeting the infrastructure powering the AI revolution. This month, we investigate why Fidelity thinks UK equities are cheap, an investment trust that is all in on the AI boom, and a new ETF that is […]
David Stevenson returns with his latest fund roundup, highlighting a defensive income fund focused on financials, a new ETF targeting the reshaping of global supply chains, and a simple momentum strategy for ETF investors. He also examines Morgan Stanley’s latest thinking on Agentic AI. In this month’s funds roundup, we look at a high-yielding defensive […]
David Stevenson explores early-stage robotics, short-duration gilts and a high-yielding infrastructure trust backed by long-term assets including Sizewell C. He also looks at whether investors can get broader emerging markets exposure without leaning too heavily on China. This month’s funds article speaks to the manager of a small, listed venture capital fund about to place […]
Ramin Nakisa of PensionCraft explains how he uses ShareScope to screen for ETFs and funds, focusing on cost, global exposure and practical usability. He walks through three powerful screening setups that help uncover high-quality funds for both long-term portfolios and tactical ideas. I’ve been using ShareScope, on and off, since the days of dial-up-modems. Since […]
David Stevenson explores how shifting geopolitics may shape long-term markets, from gold and inflation fears to rising defence spending in Asia. He also highlights a resilient compounding investment trust and why income strategies could regain their appeal in volatile markets. In this month’s funds article, we hazard a few guesses about the long-term impact of […]
David Stevenson argues the global equity rally is broadening beyond AI and the US, highlighting new opportunities across markets and sectors. He also examines a new Indian equities ETF, revisits HgCapital after its sell-off, and explores how funds can help investors manage downside risk. In this month’s funds article, we examine whether the broad equity […]
This month’s deep dive into all thing’s funds-related looks at turbulent Japan, why it’s time to become more nervous about gold prices, an under-the-radar UK-listed PE fund that could be a great play on the UK economy, and a fab model portfolio of alternative listed funds from a UK investment bank. Japan – what’s going […]
David Stevenson reviews an exceptional year in which most asset classes delivered strong returns, challenging assumptions about US market dominance. He also highlights a UK income trust, a Vietnam-focused opportunity, and the striking rise in precious metals, particularly silver. 2025 was a fairly extraordinary year in which nearly all risky assets and markets, including gold, […]
In this month’s funds column, David Stevenson weighs up whether US equities are truly in an AI bubble and highlights funds and asset classes that can diversify away from concentrated US tech. He also questions the proposed HICL/TRIG merger, favours INPP, and explores the fast-emerging opportunity in defence-focused SpaceTech. Are US equity markets in an […]
This month’s funds update looks at gold’s powerful long-term record and rising investor optimism.We also revisit a UK digital infrastructure trust and explore why Japanese equities are dazzling under new leadership. I couldn’t resist starting this monthly funds update on gold – and long-term data on its returns. For the record, I believe $ 5,000 […]
This month’s Funds article focuses on the UK economy and the fast-approaching autumn budget. We revisit the benefits of VCTs and suggest a shortlist for further research. We also remind UK investors that the UK stock market hasn’t been a bad bet over the last decade, despite the prevailing sense of gloom and economic frustration. […]
This month our funds expert focuses on ETFs and the listed hedge fund BH Macro. He looks at why you’d be better off investing in a small handful AI related stocks rather than AI ETFS and also looks at two new defensive-oriented ETF trackers, with one focused on covered call options writing. He also investigates […]
A few weeks ago, I dug up a statistic that genuinely took my breath away. It came from VC-oriented asset manager Sparkline Capital – “Of the 1,495 US venture deals in the first half of the year, only 4.9% have been down rounds – a historical low!” My own view is that we are only in […]
Welcome to my quick monthly round-up of interesting, listed funds, be they investment trusts (or closed funds, as they are sometimes called) or index tracking exchange traded funds (ETFs). To repeat earlier articles for SharePad, I’m still fairly bearish about prospects for global equity markets but I am starting to see some opportunities start to […]
This month I have four new fund ideas for Sharepad susbcribers. As always, you can find out a lot more about these ideas via my regular newsletter at davidstevenson.substack.com. But for now, lets focus on some alternative investment ideas including both investment trusts and exchange traded funds (ETFs) – notably music royalty funds, investing in […]
With UK inflation at 9%, we’re all feeling the effects of the cost of living crisis. However, any significant economic event creates some opportunities. So which stocks should we consider to beat the rising prices of essential goods? What sectors are performing well in 2022 The S&P 500 is down 22% in what has been […]
David gives an update on his ETF portfolios. Read his previous update here. As 2021 draws to a (dismal) end, besieged yet again by Covid, I thought I’d share a quick update on my two model ETF based portfolios. To recap both were aimed at investors who want a low cost ETF model portfolio bult […]
Our funds specialist returns with a star performer in the relatively unloved European equities space: Montanaro European Smaller Companies Trust. He reckons now is the time to focus on fast growing European small caps. This week I have a relatively short note for you, outlining why I think now might be an interesting moment to […]
In these articles about funds, I have tended to steer clear of the many, many alternative funds listed on the London market. That is not because these funds are not interesting – many of them are – but because I felt their business model hasn’t entirely been proved.
Private equity fund in transition – new addition to Dynamic 35 Listed private equity funds have had a chequered record on the London Stock Exchange. On paper they are a great innovation, allowing private investors access to usually institutional grade alternative assets. Crucially they allow investors to put money to work in profitable, scaled up […]
Back in the middle of August I outlined two growth-oriented portfolios, comprising a gaggle of exchange traded funds. The first was a Global Trends portfolio, a collection of eight ETFs which aim to track a selection of key thematic big trends. To monitor performance, I established two live portfolios on the SharePad platform, with the […]
“While we have this euphoria it’s pretty hard to imagine the bubble breaking. But look at the data and you think this thing could go…” (Grantham, GMO, Dec 2020). “In every portfolio, you need to ask yourself what is going to be more relevant [in] five to 10 years versus today. The most interesting trend […]
Traditionally most investors tend to regard the division between developed markets (DM) and emerging markets (EM) as a simple divide. We all put more money in the DM but then try and make sure we have some, smaller exposure, to the broad gaggle of national markets which represents the developing world or EM for short. […]
This week I have a very adventurous addition to my list of 35 Dynamic funds. I admit that it’s not without risk and its recent track record hasn’t been fab if I’m honest but I think the seeds for a rapid turnaround are being laid and if nothing else a future redemption opportunity might provide […]
A new addition to the Dynamic 35 Aurora Investment trust I wanted to start this article with an immediate declaration. I am a non-executive director at my new addition to the Dynamic 35, the Aurora investment trust. As a general rule I tend not to discuss any fund where I have some form of professional […]
I have a new addition to my Dynamic 35 list of investment trusts and closed end funds. It is called RTW Venture and it is a venture capital fund which invests in life sciences businesses – mainly in the biotech and MedTech space. Its key differentiator is that it invests in later stage private businesses […]
This week I am focusing not on my usual subject of investment trusts but switching attention to exchange traded funds or ETFs. These are a useful vehicle for investors, and I think they can easily sit alongside investment trusts. What do I mean by that? Let’s say for instance that you want to have exposure […]
I do not think it is unfair to say that over the last decade we have seen a powerful shift in sentiment towards utility stocks, arguably in a very negative direction. For much of the last few decades, private investors could not get enough of these boring stocks. They paid out a generous dividend, seem […]
The safe bet on infrastructure: INPP (International Public Partnerships) Over the next couple of articles, we’ll be adding two new funds to our Prudent 15 list, both in the broad infrastructure and utilities space. My next article will be on a fund that invests very broadly in the shares of other infrastructure and utility companies […]
Witan – a long term buy and hold globalist fund with a value bias Investing should really be about simplicity. Take global investing. Nearly every investor should have some exposure to a globally diversified mix of developed world stock markets. How big that exposure depends on your risk tolerance and your own appetite for global […]
The SDCL Energy Efficiency Income Trust The idea of investing in a fund which will help facilitate the transition towards a more sustainable energy mix has spawned a small army of London listed closed end funds and investment trusts. At last count there are over a dozen such funds listed and with all of them […]
A smarter way of buying into the right kind of private growth businesses It is an unfortunate truth that more and more high growth businesses are choosing to stay private and ignore the public markets. Collectively we investors, institutional and private have done our best to make life difficult for highly rated , fast growing […]
Edinburgh Worldwide – a great long-term home for growth investors Investors in funds such as Scottish Mortgage will have noticed a very peculiar phenomenon over the last few turbulent weeks. On paper many of the growth-oriented businesses sitting in its portfolio stand on huge valuations (very high price to earnings ratios) which means that they […]
The Ruffer Investment Company – big bets on a global new normal “There are decades where nothing happens; and there are weeks where decades happen” Lenin Generally, I have a very dismissive attitude towards the idea of absolute returns funds. The concept sounds alluring, whereas the delivery tends to be fairly dismal. The key idea […]
A big bet on Fintech worth taking at this price – Augmentum OK, I’m not going to beat around the bush. l readily concede that now is not a great time, all things considered, to be talking about investing in a high-risk venture capital fund that invests in equally high risk private European fintech firms, […]
Kicking off with BH Global (BHGG) You can always read more about my views on funds at my blog www.adventurousinvestor.com. I update this most days, especially useful during these volatile times when new investment opportunities emerge very quickly. I’m not going to bore readers with speculation about viruses and volatility but simply ask them to […]
