{"title":"Featured Collection","description":"","products":[{"product_id":"investment-trust-newsletter-statistical-supplement-may-2025","title":"Investment Trust Newsletter Statistical Supplement May 2025 (Digital Version)","description":"\u003cp\u003eAuthor: The McHattie Group\u003c\/p\u003e\n\u003cp\u003e11th edition of our popular annual Statistical Supplement, with information and performance data on the whole of the investment trust sector.  10 pages, PDF format.  Originally published May 2025.\u003c\/p\u003e","brand":"My Store","offers":[{"title":"Default Title","offer_id":51916307988744,"sku":null,"price":5.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0976\/0656\/6152\/files\/Cursor_and_ITN_Statistics_Supplement_May_25-min_pdf.png?v=1751972786"},{"product_id":"geared-and-leveraged-securities-on-the-london-stock-exchange-july-2025","title":"Geared and Leveraged Securities on the London Stock Exchange, July 2025","description":"\u003cp\u003eAuthor: Andrew McHattie\u003c\/p\u003e\n\u003cp\u003eA look at the current choices for investors seeking geared and leveraged securities on the London Stock Exchange.  This 10-page PDF guide runs through exactly what is available - and what no longer exists. An essential update for warrant and leveraged ETP investors.  \u003c\/p\u003e","brand":"TrustLibrary","offers":[{"title":"Default Title","offer_id":51921303044360,"sku":null,"price":7.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0976\/0656\/6152\/files\/Leverage___Geared_Jul_2025_pdf.png?v=1752057280"},{"product_id":"stockbrokers-research-july-2025","title":"Stockbrokers Research July 2025","description":"\u003cp\u003eAuthor: The McHattie Group\u003c\/p\u003e\n\u003cp\u003ePrécis of some of the stockbrokers research from leading firms in the sector from early July 2025.  Six pages, A5, in PDF format.\u003c\/p\u003e","brand":"TrustLibrary","offers":[{"title":"Default Title","offer_id":51926134817032,"sku":null,"price":0.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0976\/0656\/6152\/files\/Cursor_and_StockbrokersResearchJul25-min_pdf.png?v=1752100226"},{"product_id":"a-history-of-the-investment-trust-sector-1996-2025","title":"A History of the Investment Trust Sector 1996-2025","description":"\u003cp\u003e\u003cspan\u003eThis updated 46-page PDF document is a historical overview of the Investment Trust Newsletter, detailing its recommendations, market activities, and trends in the investment trust sector from November 1996 to the end of 2025.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003eThe text chronicles the evolution of the investment trust sector through various market conditions and corporate activities. \u003c\/span\u003e\u003cspan\u003e It highlights key events, performance metrics, and significant changes in management and structure within the industry.\u003c\/span\u003e\u003c\/p\u003e","brand":"TrustLibrary","offers":[{"title":"Default Title","offer_id":51958453567752,"sku":null,"price":19.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0976\/0656\/6152\/files\/History96-25_pdf.png?v=1752536262"},{"product_id":"investment-trust-newsletter-one-year-digital-subscription","title":"Investment Trust Newsletter - One Year Digital Subscription","description":"\u003cp\u003ePublished since 1996, Investment Trust Newsletter is the flagship product of The McHattie Group, providing key insights and advice for subscribers.  Eight pages every month with all you need to know about developments in the sector, with articles on our management meetings, the biggest movers, the latest sector research, and all of the important items of news.  Sign up now and receive the latest newsletter in PDF format instantly, followed by your full year's issues as they are published.\u003c\/p\u003e","brand":"TrustLibrary","offers":[{"title":"Default Title","offer_id":51997206348040,"sku":null,"price":149.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0976\/0656\/6152\/files\/ITN_Jul_25-min_pdf.png?v=1752832164"},{"product_id":"britains-worst-chancellor","title":"Britain's Worst Chancellor","description":"\u003cp\u003eFinancial columnist Max King assesses the list of contenders for the title of 'Britain's worst ever Chancellor.'    Where might Rachel Reeves rank?\u003c\/p\u003e\n\u003cp\u003eAuthor: Max King\u003c\/p\u003e\n\u003cp\u003e13 pages, A5 format, PDF, published July 2025\u003c\/p\u003e","brand":"TrustLibrary","offers":[{"title":"Default Title","offer_id":52013804945672,"sku":null,"price":2.5,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0976\/0656\/6152\/files\/Britain_s_Worst_Chancellor-min_pdf.png?v=1753112657"},{"product_id":"z-scores-july-2025","title":"Z-Scores July 2025","description":"\u003cp\u003eZ-scores are calculated from a formula designed to show the deviation from an average level of discount. A negative z-score indicates a wider discount than normal, so a measure of cheapness; conversely, a positive z-score indicates a narrower discount than normal, so a measure of dearness.\u003c\/p\u003e\n\u003cp\u003eThis publication looks at the top ten negative and positive Z-scores in the investment trust sector, using data from 21st July 2025, with a few lines of commentary on each to try to explain the current discount level.\u003c\/p\u003e\n\u003cp\u003eAuthor: Andrew McHattie\u003c\/p\u003e\n\u003cp\u003e8 pages, A4 format, PDF \u003c\/p\u003e","brand":"TrustLibrary","offers":[{"title":"Default Title","offer_id":52016456237320,"sku":null,"price":1.95,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0976\/0656\/6152\/files\/120DEDE6-9882-41AA-8452-43B7DE3B3CFA.png?v=1753130862"},{"product_id":"statistical-supplement-august-2025","title":"Statistical Supplement August 2025","description":"\u003cp\u003eA digital-only version of our highly popular Statistical Supplement, containing performance data on the whole of the investment trust sector, in our own special format.   12pp A5 layout. \u003c\/p\u003e\n\u003cp\u003eTo differentiate our tables from those available online, we have adapted the data and done things our own way.\u003cspan class=\"Apple-converted-space\"\u003e  \u003c\/span\u003eThis means we have combined certain sectors that are often listed separately, such as Japan and Japanese Smaller Companies, to provide what we think is a more useful comparison.\u003cspan class=\"Apple-converted-space\"\u003e  \u003c\/span\u003eVery small trusts capitalised at less than £25m have been excluded.\u003cspan class=\"Apple-converted-space\"\u003e  \u003c\/span\u003eOne unique addition is an extra column showing when we last mentioned each trust in the newsletter.\u003cspan class=\"Apple-converted-space\"\u003e  \u003c\/span\u003eThis may help as an index.\u003c\/p\u003e","brand":"TrustLibrary","offers":[{"title":"Default Title","offer_id":52148693827848,"sku":null,"price":10.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0976\/0656\/6152\/files\/ITN_Statistics_Supplement_Aug_25-min_pdf.png?v=1754646204"},{"product_id":"stockbroker-research-august-2025","title":"Stockbrokers Research August 2025","description":"\u003cp\u003eA summary of some of the leading broker research on the investment trust sector in August 2025, including coverage by Winterflood, Deutsche Numis, Peel Hunt, Stifel, JPMorgan Cazenove, Panmure Liberum, and Investec.  7pp A5 format, PDF.\u003c\/p\u003e","brand":"TrustLibrary","offers":[{"title":"Default Title","offer_id":52168138981640,"sku":null,"price":1.49,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0976\/0656\/6152\/files\/StockbrokersResearchAug25-min_pdf.png?v=1754991375"},{"product_id":"z-scores-august-2025","title":"Z-Scores August 2025","description":"\u003cp\u003eZ-scores are calculated from a formula designed to show the deviation from an average level of discount. A negative z-score indicates a wider discount than normal, so a measure of cheapness; conversely, a positive z-score indicates a narrower discount than normal, so a measure of dearness.\u003c\/p\u003e\n\u003cp\u003eThis publication looks at the top ten negative and positive Z-scores in the investment trust sector, using data from 12th August 2025, with a few lines of commentary on each to try to explain the current discount level.\u003c\/p\u003e\n\u003cp\u003eAuthor: Andrew McHattie\u003c\/p\u003e\n\u003cp\u003e10 pages, A4 format, PDF \u003c\/p\u003e","brand":"TrustLibrary","offers":[{"title":"Default Title","offer_id":52172706906376,"sku":null,"price":1.95,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0976\/0656\/6152\/files\/ZScoresAug25-min_pdf.png?v=1755041903"},{"product_id":"rtw-biotech-opportunities-deep-dive","title":"RTW Biotech Opportunities - Deep Dive","description":"\u003cp\u003eA detailed, in-depth study of RTW Biotech Opportunities, a full life-cycle life sciences investment trust.  From history and corporate milestones and ethos and investment philosophy through to the investment objective, policy and structure, track record and performance analysis, portfolio construction, differentiators against peers, governance, fees and shareholder alignment, and catalysts and outlook, the first half of this publication takes you right through every aspect of the trust, step-by-step.  The second half reproduces everything the Investment Trust Newsletter has written about RTW since the IPO in 2019, gathered together in one single place.  This comprehensive guide runs to 21pp A4 format, PDF.  Published by The McHattie Group in August 2025.\u003c\/p\u003e","brand":"TrustLibrary","offers":[{"title":"Default Title","offer_id":52209400611080,"sku":null,"price":11.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0976\/0656\/6152\/files\/Cursor_and_RTWBiotechDeepDive-min_pdf.png?v=1755259530"},{"product_id":"augmentum-fintech-deep-dive","title":"Augmentum Fintech - Deep Dive","description":"\u003cp\u003eA detailed and in-depth study of Augmentum Fintech plc - covering its history, corporate milestones since launch  in March 2018, and its ethos; its investment philosophy and objective; portfolio construction and exposure; track record and performance; governance, fees, and shareholder alignment; risks; and the catalysts and outlook.  The second half of the document then reproduces everything the Investment Trust Newsletter has said about the trust - all in one handy document, a must-have for any serious investor considering a shareholding.  16pp A4 format, PDF, published August 2025 by The McHattie Group.\u003c\/p\u003e","brand":"TrustLibrary","offers":[{"title":"Default Title","offer_id":52217605390600,"sku":null,"price":11.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0976\/0656\/6152\/files\/AugmentumFintechDeepDive_pdf.png?v=1755361343"},{"product_id":"the-mercantile-investment-trust-deep-dive","title":"The Mercantile Investment Trust - Deep Dive","description":"\u003cp\u003eA detailed and in-depth study of The Mercantile Investment Trust, covering the investment thesis, history and milestones, mandate, benchmark and philosophy, team and platform, portfolio construction, major portfolio holdings, capital structure, performance and risk, income and dividend profile, governance, peer group positioning, catalysts and outlook, media and stockbroker views, plus everything the Investment Trust Newsletter has written about the trust since 2017 - all in one comprehensive document.  23pp A4, published in August 2025 by The McHattie Group.\u003c\/p\u003e","brand":"TrustLibrary","offers":[{"title":"Default Title","offer_id":52222400725256,"sku":null,"price":11.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0976\/0656\/6152\/files\/MercantileDeepDive-min_pdf.png?v=1755451314"},{"product_id":"allianz-technology-trust-versus-polar-capital-technology-trust-face-off","title":"Allianz Technology Trust versus Polar Capital Technology Trust - Face-Off","description":"\u003cp class=\"p1\"\u003eA detailed, professional comparison of \u003cspan class=\"s1\"\u003e\u003cb\u003eAllianz Technology Trust (ATT)\u003c\/b\u003e\u003c\/span\u003e and \u003cspan class=\"s1\"\u003e\u003cb\u003ePolar Capital Technology Trust (PCT)\u003c\/b\u003e\u003c\/span\u003e – the two leading \u003cspan class=\"s1\"\u003eLondon-listed technology investment trusts\u003c\/span\u003e. This in-depth report asks whether the \u003cspan class=\"s1\"\u003eSilicon Valley-focused strategy of ATT\u003c\/span\u003e can generate superior long-term growth, or whether the \u003cspan class=\"s1\"\u003ebroader, diversified platform of PCT\u003c\/span\u003eoffers a more balanced, shareholder-friendly approach.  The analysis covers every major aspect investors need to know:\u003c\/p\u003e\n\u003col start=\"1\"\u003e\n\u003cli\u003e\n\u003cp class=\"p1\"\u003eHistory and milestones\u003cspan class=\"s1\"\u003e of both trusts\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp class=\"p1\"\u003eMandates, benchmarks, and investment philosophy\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp class=\"p1\"\u003eManagement teams and platforms\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp class=\"p1\"\u003ePortfolio construction and top holdings\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp class=\"p1\"\u003eCapital structure, gearing, and fees\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp class=\"p1\"\u003ePerformance record and risk factors\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp class=\"p1\"\u003eGovernance and shareholder alignment\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp class=\"p1\"\u003ePeer group positioning and sector comparisons\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp class=\"p1\"\u003eCatalysts and future outlook\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp class=\"p1\"\u003eMedia and stockbroker commentary\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ol\u003e\n\u003cp class=\"p1\"\u003eAt 16 pages in A4 PDF format, published August 2025 by \u003cspan class=\"s1\"\u003eThe McHattie Group\u003c\/span\u003e, this comprehensive report provides independent, FCA-regulated research and reaches a clear conclusion on which technology trust currently offers the stronger investment case. An essential read for serious \u003cspan class=\"s1\"\u003etechnology investors\u003c\/span\u003e and followers of the \u003cspan class=\"s1\"\u003eUK investment trust sector\u003c\/span\u003e.\u003c\/p\u003e","brand":"TrustLibrary","offers":[{"title":"Default Title","offer_id":52225407615240,"sku":null,"price":8.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0976\/0656\/6152\/files\/ATTvPCT-min_pdf.png?v=1755517186"},{"product_id":"3i-infrastructure-deep-dive","title":"3i Infrastructure - Deep Dive","description":"\u003cp\u003eA detailed and in-depth study of the leading infrastructure specialist 3i Infrastructure.  The report covers the core investment case, potential tailwinds and headwinds, history and milestones, mandate, benchmark, and philosophy, team and platform, governance and alignment, portfolio construction, portfolio holdings, capital structure, performance and risk, share price performance, risk analysis, income and dividend profile, peer group positioning, outlook, and media and stockbroker views.  The second half of the document then compiles everything the Investment Trust Newsletter has written about the trust since 2017, making this a must-read for current or potential investors in 3IN.  26pp A4 format, PDF, published by The McHattie Group in August 2025.\u003c\/p\u003e","brand":"TrustLibrary","offers":[{"title":"Default Title","offer_id":52234077733128,"sku":null,"price":11.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0976\/0656\/6152\/files\/3iInfrastructureDeepDive-min_pdf.png?v=1755616036"},{"product_id":"monks-investment-trust-deep-dive","title":"Monks Investment Trust - Deep Dive","description":"\u003cp\u003eAn in-depth research report on Monks Investment Trust (MNKS), an almost century-old global investment trust that has not only survived but repeatedly reinvented itself.  This report looks at its history, mandate, philosophy and benchmark, management, portfolio construction, performance and risk, governance and capital structure, peer group and differentiation, and catalysts and outlook.  The second half of the report then collates everything the Investment Trust Newsletter has written about Monks since 2017 - all in one must-read document.  17pp A4 format, PDF, published by The McHattie Group, August 2025.\u003c\/p\u003e","brand":"TrustLibrary","offers":[{"title":"Default Title","offer_id":52240445833480,"sku":null,"price":11.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0976\/0656\/6152\/files\/MonksDeepDive-min_pdf.png?v=1755695324"},{"product_id":"management-fees-on-global-and-global-smaller-companies-investment-trusts","title":"Management Fees on Global and Global Smaller Companies Investment Trusts","description":"\u003cp class=\"p1\"\u003e\u003cspan class=\"s1\"\u003eAn in-depth research report on \u003c\/span\u003emanagement fees in global and global smaller companies investment trusts\u003cspan class=\"s1\"\u003e, providing clear conclusions on which trusts represent \u003c\/span\u003egood value for investors\u003cspan class=\"s1\"\u003e—and which do not. The analysis covers leading names such as \u003c\/span\u003e\u003cstrong\u003eLindsell Train, Monks Investment Trust, Scottish Mortgage, F\u0026amp;C Investment Trust, Herald Investment Trust, North Atlantic Smaller Companies, \u003c\/strong\u003eand\u003cstrong\u003e The Global Smaller Companies Trust\u003cspan class=\"s1\"\u003e. \u003c\/span\u003e\u003c\/strong\u003eWith investors paying more than \u003cspan class=\"s2\"\u003e£100 million annually in management fees\u003c\/span\u003e across the global sector, and a further \u003cspan class=\"s2\"\u003e£40 million in the global smaller companies sector\u003c\/span\u003e, this report examines a critical issue for long-term shareholders. It reviews how fee structures have evolved, the progress made in lowering charges, and where further improvements are still needed. Delivered in \u003cspan class=\"s2\"\u003e6-page A4 PDF format\u003c\/span\u003e and published by \u003cspan class=\"s2\"\u003eThe McHattie Group\u003c\/span\u003e in \u003cspan class=\"s2\"\u003eAugust 2025\u003c\/span\u003e, this independent report offers valuable insight for investors, analysts, and advisers comparing the cost efficiency of \u003cspan class=\"s2\"\u003eglobal equity investment trusts\u003c\/span\u003e.\u003c\/p\u003e","brand":"TrustLibrary","offers":[{"title":"Default Title","offer_id":52273403298056,"sku":null,"price":2.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0976\/0656\/6152\/files\/MgtFeesGlobalTrusts-min_pdf.png?v=1756135642"},{"product_id":"fidelity-special-values-deep-dive","title":"Fidelity Special Values - Deep Dive","description":"\u003cp class=\"p1\"\u003eA comprehensive research report on \u003cspan class=\"s1\"\u003eFidelity Special Values (FSV) Investment Trust\u003c\/span\u003e, one of the most distinctive UK equity investment trusts. This professionally written 24-page analysis examines the trust’s \u003cspan class=\"s1\"\u003ehistory, investment mandate, philosophy and benchmark, management team, portfolio construction, performance record, risk profile, governance, and capital structure\u003c\/span\u003e. It also compares Fidelity Special Values with its \u003cspan class=\"s1\"\u003epeer group of UK equity investment trusts\u003c\/span\u003e, highlighting areas of differentiation, current catalysts, and forward outlook, alongside coverage of \u003cspan class=\"s1\"\u003emedia and stockbroker views\u003c\/span\u003e. The second half of the report brings together every article and update on \u003cspan class=\"s1\"\u003eFidelity Special Values\u003c\/span\u003e published in the \u003ci\u003eInvestment Trust Newsletter\u003c\/i\u003e since 2017, providing investors with a single, authoritative reference source. 24pp.  Available in \u003cspan class=\"s1\"\u003eA4 PDF format \u003c\/span\u003eand published by \u003cspan class=\"s1\"\u003eThe McHattie Group\u003c\/span\u003e in \u003cspan class=\"s1\"\u003eAugust 2025\u003c\/span\u003e, this is an essential resource for investors, analysts, and advisers seeking detailed, independent insight into \u003cspan class=\"s1\"\u003eFSV and the wider UK investment trust market\u003c\/span\u003e.\u003c\/p\u003e","brand":"TrustLibrary","offers":[{"title":"Default Title","offer_id":52297160884488,"sku":null,"price":11.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0976\/0656\/6152\/files\/Cursor_and_FSVDeepDive_pdf.png?v=1756474007"},{"product_id":"stockbrokers-research-september-2025","title":"Stockbrokers Research September 2025","description":"\u003cp\u003eInvestment trust stockbroker research for September 2025, with a summary of notes from Investec, Winterflood, Stifel, Deutsche Numis, Panmure LIberum, Peel Hunt, and JPMorgan Cazenove.  7pp, A5 PDF format.  Published by The McHattie Group.\u003c\/p\u003e","brand":"TrustLibrary","offers":[{"title":"Default Title","offer_id":52429423608072,"sku":null,"price":1.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0976\/0656\/6152\/files\/Cursor_and_StockbrokersResearchSep25-min_pdf.png?v=1757843673"},{"product_id":"z-scores-september-2025","title":"Z-Scores September 2025","description":"\u003cp class=\"p1\"\u003e\u003cb\u003eInvestment Trust Z-Scores Report – September 2025\u003c\/b\u003e\u003cb\u003e\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p3\"\u003eZ-scores are a widely used measure in the \u003cspan class=\"s1\"\u003e\u003cb\u003einvestment trust sector\u003c\/b\u003e\u003c\/span\u003e, showing how far a trust’s current \u003cspan class=\"s1\"\u003e\u003cb\u003eshare price discount or premium to NAV\u003c\/b\u003e\u003c\/span\u003e deviates from its average. A \u003cspan class=\"s1\"\u003e\u003cb\u003enegative Z-score\u003c\/b\u003e\u003c\/span\u003e highlights a wider-than-usual discount (indicating relative cheapness), while a \u003cspan class=\"s1\"\u003e\u003cb\u003epositive Z-score\u003c\/b\u003e\u003c\/span\u003e signals a narrower discount or premium (indicating relative dearness).\u003c\/p\u003e\n\u003cp class=\"p3\"\u003eThis publication provides an in-depth review of the \u003cspan class=\"s1\"\u003e\u003cb\u003etop ten negative Z-scores\u003c\/b\u003e\u003c\/span\u003e and the \u003cspan class=\"s1\"\u003e\u003cb\u003etop ten positive Z-scores\u003c\/b\u003e\u003c\/span\u003e across London-listed investment trusts, using data as at \u003cspan class=\"s1\"\u003e\u003cb\u003e19th September 2025\u003c\/b\u003e\u003c\/span\u003e. Each entry includes concise commentary to help explain the factors behind current discount and premium levels, offering valuable insights for investors tracking trust valuations and discount trends.\u003c\/p\u003e\n\u003cp class=\"p1\"\u003e\u003cb\u003eDetails:\u003c\/b\u003e\u003cb\u003e\u003c\/b\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cp class=\"p1\"\u003eAuthor: Andrew McHattie\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp class=\"p1\"\u003eLength: 10 pages\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp class=\"p1\"\u003eFormat: A4 PDF\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cp class=\"p1\"\u003eFocus: Investment trust discounts, premiums, Z-score analysis\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"TrustLibrary","offers":[{"title":"Default Title","offer_id":52473208504584,"sku":null,"price":1.95,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0976\/0656\/6152\/files\/8A02D5C0-32EA-46AB-BD83-4184FF32E5A6.png?v=1758391812"},{"product_id":"investment-trust-z-scores-december-2025","title":"Investment Trust Z-Scores, December 2025","description":"\u003cp class=\"p1\"\u003e\u003cb\u003eInvestment Trust Z-Scores Report – December 2025\u003c\/b\u003e\u003cb\u003e\u003c\/b\u003e\u003c\/p\u003e\n\u003cp class=\"p3\"\u003eZ-scores are a widely used measure in the\u003cspan\u003e \u003c\/span\u003e\u003cspan class=\"s1\"\u003e\u003cb\u003einvestment trust sector\u003c\/b\u003e\u003c\/span\u003e, showing how far a trust’s current\u003cspan\u003e \u003c\/span\u003e\u003cspan class=\"s1\"\u003e\u003cb\u003eshare price discount or premium to NAV\u003c\/b\u003e\u003c\/span\u003e\u003cspan\u003e \u003c\/span\u003edeviates from its average. A\u003cspan\u003e \u003c\/span\u003e\u003cspan class=\"s1\"\u003e\u003cb\u003enegative Z-score\u003c\/b\u003e\u003c\/span\u003e\u003cspan\u003e \u003c\/span\u003ehighlights a wider-than-usual discount (indicating relative cheapness), while a\u003cspan\u003e \u003c\/span\u003e\u003cspan class=\"s1\"\u003e\u003cb\u003epositive Z-score\u003c\/b\u003e\u003c\/span\u003e\u003cspan\u003e \u003c\/span\u003esignals a narrower discount or premium (indicating relative dearness).\u003c\/p\u003e\n\u003cp class=\"p3\"\u003eThis publication provides an in-depth review of the\u003cspan\u003e \u003c\/span\u003e\u003cspan class=\"s1\"\u003e\u003cb\u003etop ten negative Z-scores\u003c\/b\u003e\u003c\/span\u003e\u003cspan\u003e \u003c\/span\u003eand the\u003cspan\u003e \u003c\/span\u003e\u003cspan class=\"s1\"\u003e\u003cb\u003etop ten positive Z-scores\u003c\/b\u003e\u003c\/span\u003e\u003cspan\u003e \u003c\/span\u003eacross London-listed investment trusts, using data as at\u003cspan\u003e 5th December 2025\u003c\/span\u003e. Each entry includes concise commentary to help explain the factors behind current discount and premium levels, offering valuable insights for investors tracking trust valuations and discount trends.\u003c\/p\u003e\n\u003cp class=\"p3\"\u003e10pp A4, PDF format\u003c\/p\u003e","brand":"TrustLibrary","offers":[{"title":"Default Title","offer_id":52937589817608,"sku":null,"price":3.95,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0976\/0656\/6152\/files\/Cursor_and_ZScoresDec25-min_pdf.png?v=1765206891"},{"product_id":"sector-review-commodities-and-natural-resources-investment-trusts","title":"Sector Review: Commodities and Natural Resources Investment Trusts","description":"\u003cp\u003eA detailed investment review covering the seven major commodities investment trusts listed on the London market.  Covering \u003cstrong\u003eBaker Steel Resources Trust, BlackRock Energy \u0026amp; Resources Income, BlackRock World Mining Trust, CQS Natural Resources Growth \u0026amp; Income, Geiger Counter, Golden Prospect Precious Metals,\u003c\/strong\u003e and \u003cstrong\u003eRiverstone Energy,\u003c\/strong\u003e this report delves into liquidity, past performance, market rating, dividend payment, risk levels, and concludes with individual trust profiles.  \u003c\/p\u003e\n\u003cp\u003e14pp A4 PDF format, published December 2025\u003c\/p\u003e","brand":"TrustLibrary","offers":[{"title":"Default Title","offer_id":52953908216072,"sku":null,"price":4.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0976\/0656\/6152\/files\/Mining_Sector_Review_Dec_25_jpg.png?v=1765451247"},{"product_id":"saba-capitals-shareholdings-in-investment-trusts-2025-announcements","title":"Saba Capital's Shareholdings in Investment Trusts - 2025\/26 Announcements","description":"\u003cp\u003eA tabular list of Saba Capital's shareholdings in investment trusts, with percentages and direction of change, from the RNS announcements made in 2025 and 2026.  \u003c\/p\u003e\n\u003cp\u003e3pp A4 PDF format, published February 2026 and refreshed regularly.\u003c\/p\u003e","brand":"TrustLibrary","offers":[{"title":"Default Title","offer_id":52958865981704,"sku":null,"price":2.29,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0976\/0656\/6152\/files\/Cursor_and_Status_and_SabaHoldings2026-min_pdf.png?v=1768499999"},{"product_id":"five-investment-trust-questions-answered-by-ai","title":"Five Investment Trust Questions Answered by AI","description":"\u003cp\u003eIs the investment trust industry going to disappear?  Do share buybacks work, when will we next see an IPO, and which trusts should we buy or sell?  We asked three AI models all about the investment trust industry.  Here is what they said - and what we thought of the answers.  Includes comment on BRSC, SYNC, JMG, ADIG, CTY, DGI9, SEIT, TMPL, EWI, CHRY, UKW, PCT, JAM, INOV, MRCH, IBT, SMT, LTI, FSV, JGGI, and HRI.\u003c\/p\u003e\n\u003cp\u003e24pp A4 PDF format\u003cbr\u003eThe McHattie Group, December 2025\u003c\/p\u003e","brand":"TrustLibrary","offers":[{"title":"Default Title","offer_id":52990612406536,"sku":null,"price":1.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0976\/0656\/6152\/files\/FiveITQuestionsCover.jpg?v=1765921666"},{"product_id":"us-closed-end-funds-how-do-they-compare-to-the-uk-investment-trust-industry","title":"US Closed-End Funds: How Do They Compare to the UK Investment Trust Industry?","description":"\u003cp\u003eA brief introduction to the US closed-end fund (CEF) industry - its scope, the types of trusts, the average discount, the largest fund, IPOs, best and worst performers, and the degree of activism.  With eight key conclusions about how the US and UK sectors compare and perhaps a greater understanding of why Saba Capital is targeting UK investment trusts.\u003c\/p\u003e\n\u003cp\u003e6pp A4 PDF, published by The McHattie Group, December 2025\u003c\/p\u003e","brand":"TrustLibrary","offers":[{"title":"Default Title","offer_id":53021578952968,"sku":null,"price":1.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0976\/0656\/6152\/files\/Status_and_USClosedEndFunds-min_pdf.png?v=1766492715"},{"product_id":"active-etf-newsletter-one-year-online-subscription","title":"Active ETF Newsletter - One Year Online Subscription","description":"\u003cp\u003e\u003cstrong\u003eActive ETF Newsletter is the UK's first newsletter devoted to this fast-growing sector on the London Stock Exchange. \u003c\/strong\u003e \u003c\/p\u003e\n\u003cp\u003eSubscribers will have full access to our monthly newsletters covering new issues, market movers, industry news, and of course our investment recommendations.  There is also an Introductory Guide on the members website, plus other articles about Active ETFs and a discussion forum.\u003c\/p\u003e\n\u003cp\u003eBest of all, if you subscribe before 1st August 2026 you can become an early subscriber, meaning you are eligible for a first year subscription with 20% off to celebrate the launch of the newsletter.  \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eInstead of £159 you'll pay just £127, so don't delay.  Get in now and start learning about this fascinating new market and all it has to offer.\u003c\/strong\u003e\u003c\/p\u003e","brand":"TrustLibrary","offers":[{"title":"Default Title","offer_id":57641993666824,"sku":null,"price":127.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0976\/0656\/6152\/files\/page1.png?v=1776881965"},{"product_id":"alternative-income-reit-a-probabilistic-value-assessment","title":"Alternative Income REIT - A Probabilistic Value-Assessment","description":"\u003cp\u003eThis 6-page A4 PDF report looks at the recent bid activity for Alternative Income REIT (AIRE) and takes a probabilistic valuation approach to assess the current value of the shares.  \u003c\/p\u003e\n\u003cp\u003eA must-read for all shareholders or for those interested in M\u0026amp;A activity in the UK investment trust REIT sector.\u003c\/p\u003e\n\u003cp\u003eAvailable as an instant download.  Published by The McHattie Group, July 2026\u003c\/p\u003e","brand":"TrustLibrary","offers":[{"title":"Default Title","offer_id":58178543649032,"sku":null,"price":3.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0976\/0656\/6152\/files\/Status_and_AIRE_Probabilistic_Assessment_pdf.png?v=1783433689"}],"url":"https:\/\/trustlibrary.co.uk\/collections\/featured-collection.oembed?page=2","provider":"TrustLibrary","version":"1.0","type":"link"}