Survival rates: What happened to trusts launched in the noughties?

Jayna Rana
clock • 2 min read

Only 26% of investment trusts launched between 2000 and 2009 are still going strong, while the rest have been wound up due to poor performance, wide discounts or because their mandate is no longer relevant, according to Numis Securities.

In its report Investment Company IPOs - Lessons from History, the analyst firm revealed 208 of the 326 funds launched during the period no longer exist, while a further 31 have adopted a realisation strategy, and four have merged with another fund. Trusts under £400m threatened by aggressive standardisation of portfolios Numis said: "Several of these funds have flourished, notably the listed infrastructure vehicles that have grown assets substantially through secondary issuance. However, history suggests that these are the exception rather than the rule." The group noted many of th...

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