What is the value of smaller 'orphan' trusts?

clock • 4 min read

By investing only in the largest trusts, investors are ignoring a plethora of funds offering a combination of value and scope for narrowing discounts, says Nick Greenwood, manager of the CF Miton Worldwide Growth investment trust

Investment trusts have always been a highly cyclical corner of the stock market, oscillating between states of feast and famine. There were major new issue booms between 1993 and 1995, and more recently between 2005 and 2008, when about 220 funds saw the light of day for the first time. The more recent generation of investment trusts were hardly given the chance to draw breath before they were overwhelmed by the global financial crisis. At that time, the banking industry became uncertain as to whether their trading partners remained solvent and as a result effectively placed whatever cas...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

Trustpilot