FEATURES:
■ Wise up to investment trusts
The UK's best fund manager has performed better with his investment trust than open-ended funds. Moira O'Neill looks at how the two fund structures compare.
Also from the Personal Finance team:
■ How to buy investment trusts
SEVEN DAYS:
■ All you need to know about investing in the past seven days: what's rising, what's falling and what's making the headlines.
CHARTS OF THE WEEK:
■ Our selection of the most interesting charts published this week.
NEWS:
■ New nuclear comes at a price.
■ Welcome back Just Retirement.
■ Bonmarché set to float on Aim.
■ Another year of quantitative easing for the Fed.
■ The student accommodation sector is back on form.
ECONOMIC OUTLOOK:
■ Pincely mistakes: Prince Charles is mistaken to claim that the pension fund industry's short-termism is "unfit for purpose." In an uncertain world, some types of long-termism are dangerous.
■ Next week's economics: Next week's figures could show that the UK economy is growing well, despite falling real wages.
COMMENT:
Our columnists offer in-depth analysis and investment ideas:
■ The Editor: Embrace inefficiency - The efficient market hypothesis debate highlights that markets remain rife with opportunity.
■ Simon Thompson has written the following articles this weeek:
- Decision time: Our companies editor has seen shares in a number of his companies surge in recent months and now has to decide whether to bank profits on one of his holdings.
- Smoking away: Our companies editor sees obvious potential for the lowly rated shares in a small cap engineer to continue their re-rating in the coming months.
- New highs beckon: Our companies editor sees scope for shares in a high street retailer to perform strongly in the next three months.
- BP Marsh cashed up to invest: Our companies editor sees further share price upside in an Aim-traded investment company in the insurance sector.
- Time for some price action: Our companies editor sees significant upside in shares of two small-cap companies undergoing capital reorganisations.
- Bargain shares update: Simon Thompson sees upside in a FTSE 250 oil and gas explorer company and recommends accepting a bid on another of his 2013 Bargain Shares.
- A timely bolt-on purchase: Simon Thompson sees potential for shares in a nuts-and-bolts specialist to rally ahead of results in three weeks time.
- Pay dirt beckons: Director share-buying, stakebuilding, a potential farm out and analyst upgrades pique Simon Thompson's interest in a small cap resources play.
Read more articles by Simon Thompson on his comment page.
■ The Trader: Bears with sore rears - The markets are racing ahead once more and seasonality suggests more gains to come.
The Trader, Dominic Picarda, publishes his outlook for ten major equity, currency and commodity markets on a daily basis. You can view his articles on his comment page, or sign up to The Trader's market outlook emails.
■ Chris Dillow: Halloween's power - Halloween is one of the best buy signals for shares. Also see:
- The efficient market (non-)paradox - The claim that the efficient market hypothesis is internally contradictory is lazy, and irrelevant for practical investors
- The return of correlation risk - Gilts and equities are moving in the same direction. This means shares have become riskier.
Read more articles by Chris Dillow on his comment page.
■ Mr Bearbull: Efficient, but awkward - Eugene Fama's Nobel Prize was hugely deserved and his efficient market hypothesis still tells investors an uncomfortable truth.
■ Chronic Investor: The trials of British Petroleum - The Deepwater spill still distorts BP's value but it's making progress elsewhere.
STRATEGY:
■ Strategy: Like charity, good value starts at home.
YOUR MONEY:
Financial planning, tax and investment wisdom:
■ Portfolio: Investor close to retirement needs to diversify.
■ Financial planning: "Dangerous" offshore IHT solution hits mainstream.
■ Smart Money: Hands off our Isa limits.
SHARE TIPS OF THE WEEK:
■ This housebuilder's shares boast major attractions for income hunters and, following recent falls from their summer highs, now could prove a canny time to buy.
■ We don't doubt that this underwriter is high quality - but with premium rates likely to soften, share prices in the sector look vulnerable.
■ Shares in this Aim-traded property developer are now trading 30 per cent below the vehicle's likely value next September.
■ The high rating and slowing growth at this gaming company suggest unrealistic expectations lie behind the share price's upward curve this year.
FUND TIP OF THE WEEK:
■ Now could be a good opportunity to get into a high-yield trust that has performed strongly and provides exposure to cheap shares in the mining sector.
SHARE TIP UPDATES:
■ GKN
BROKERS' TIPS:
SHARES:
■ Take a trust odyssey: Investment trusts offer a passport to the world's investment markets and our screen seeks out the best travelling companions, says Algy Hall.
■ The lowdown on the latest company results:
■ ASOS
■ Booker
■ Epistem
■ Plexus
■ Sector focus: Tobacco lit for slow, steady burn.
■ Dividend of the week: Banking on safe, growing dividends.
■ Directors' dealings: Notable transactions at XP Power, plus a table of all boardroom share trades.
■ Week ahead: A summary of key company announcements expected in the coming week.
TAKEOVERS:
■ Download this week's takeover tables as a PDF.
