In the first of a new series, FE's Josh Ausden compares the performance of open-ended funds to their closed-ended counterparts, following a challenging year in markets.
Investment trusts have been on a roll recently. Their outperformance compared to open-ended funds since the financial crisis has coincided with the implementation of the RDR, which should have made them a far more appealing proposition for advisers and their retail clients. The sector has welcomed a number of star managers into its ranks since 2008 - Neil Woodford, Julie Dean, and Alex Wright to name a few - and lower ongoing charges figures (OCFs) across the board have only added to the positive newsflow. Momentum is still arguably with investment trusts, but 2014 was a year that som...
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