By
Frank Buhagiar
02 Apr

We estimate there to be 35 investment companies whose discounts hit 12-month highs over the course of the week ended Friday 29 March 2024 – three more than the previous week’s 32.

Interest rate sensitive sectors still dominate the list with renewable energy infrastructure companies taking up seven spots. UK Equity Income funds aren’t far behind with six. Will Q2 2024 bring more clarity with regards to the timing of the first rate cut? And will the number of investment companies on the discount watch list as at 30 June 2024 be higher or lower than this week’s 35?

Fund Discount Sector


Gresham House Energy Storage GRID -71.77% Renewables
LMS Capital LMS -66.91% Private equity
Life Sciences LABS -50.86% Property
US Solar Fund USF -43.33% Renewables
Menhaden Resource Efficiency MHN -41.67% Environmental
The full list

Fund Discount Sector


Pacific Assets PAC -13.80% Asia Pacific
Asia Dragon DGN -19.35% Asia Pacific
JPMorgan Asia Growth & Income JAGI -10.66% Asia Pacific Equity Inc
Scottish Oriental Smaller Cos SST -17.32% Asian Smallers
BlackRock World Mining BRWM -8.77% Commodities & Natural Resources
NB Global Monthly Income NBMI -21.58% Debt
Real Estate Credit Investments RECI -20.79% Debt
Templeton Em Mkts TEM -15.50% Emerging Mkts
Utilico Emerging Mkts UEM -20.50% Emerging Mkts
Impax Environmental IEM -11.03% Environmental
Jupiter Green JGC -31.27% Environmental
Menhaden Resource Efficiency MHN -41.67% Environmental
European Assets EAT -13.91% European Smallers
Schroder BSC Social Impact SBSI -24.82% Flexible
Pantheon Infrastructure PINT -31.12% Infrastructure
Baillie Gifford Japan BGFD -13.10% Japan
Baillie Gifford Shin Nippon BGS -18.00% Japan Smallers
LMS Capital LMS -66.91% Private Equity
Life Sciences LABS -50.86% Property
US Solar Fund USF -43.33% Renewables
Greencoat Renewables GRP -24.40% Renewables
Gresham House Energy Storage GRID -71.77% Renewables
Bluefield Solar Inc BSIF -26.69% Renewables
Downing Renewables & Infra DORE -34.28% Renewables
NextEnergy Solar NESF -33.86% Renewables
Octopus Renewables Infrastructure ORIT -32.59% Renewables
JPMorgan Claverhouse JCH -6.88% UK Equity Income
Merchants MRCH -4.96% UK Equity Income
Edinburgh EDIN -11.87% UK Equity Income
Murray Income MUT -11.73% UK Equity Income
Schroder Income Growth SCF -14.54% UK Equity Income
Temple Bar TMPL -10.24% UK Equity Income
BlackRock Throgmorton THRG -10.09% UK Smallers
Henderson Smaller Cos HSL -15.11% UK Smallers
Vietnam Enterprise VEIL -22.31% Vietnam