End of week note for investment trust investors - 6 November 2026

Summary by AI BETAClose X

Markets saw volatility after oil fell to c.$93–$103/bbl, the NASDAQ entered correction territory (>10% off peak) and central banks hiked rates (RBA +25bps to 4.85%, BoE +25bps to 4.0%); Frostrow reports investment trust average discounts (ex 3i) stable at 11.7% while passive funds experienced October outflows. Key corporate actions: BlackRock Greater Europe announced a 4.5% of NAV dividend policy, fee cuts and gearing changes; Gresham House Energy Storage has launched a formal sale process while targeting FID on three projects totalling 777MW in 2027; Tetragon confirmed a $50m tender; strong NAV performance highlighted by International Biotechnology NAV TR +64.7% and Scottish Mortgage NAV TR +31.5%.

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