Update from QuotedData

Summary by AI ^BETAClose X

Capital Gearing Trust PLC, through its managers, has defensively positioned its portfolio by reducing exposure to risk assets to 25% by November 2025 and increasing holdings in UK inflation-linked bonds, reflecting caution regarding inflation and market risks. The trust's managers also successfully opposed a merger for HICL Infrastructure, a holding within its risk assets, which has since seen its share price recover, demonstrating the managers' efforts to reduce discounts on UK-listed investment companies.

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Capital Gearing Trust PLC

07 January 2026

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Capital Gearing Trust - Update from QuotedData

7 January 2026

Defensively positioned, cautious on inflation

The managers of Capital Gearing Trust (CGT) remain cautious about market and inflation risks, and have adjusted the trust's portfolio to reflect this. Exposure to risk assets was reduced to 25% by the end of November 2025, while holdings in UK inflation-linked bonds were increased.

Last November, the managers opposed a proposed merger for HICL Infrastructure (one of the holdings in the risk assets part of CGT's portfolio), leading a campaign group of HICL shareholders against it. The deal was stopped, and HICL's share price has since recovered. This highlights the behind-the-scenes work CG Asset Management (CGAM) does to reduce discounts across UK-listed investment companies.

Full Research:

https://quoteddata.com/research/capital-gearing-trust-defensively-positioned-cautious-on-inflation-qd/

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