Winterflood Securities has tipped 32 investment trusts to outperform in 2016, including offerings from Woodford IM, Invesco Perpetual, Fidelity and River & Mercantile, as it warned the wider sector remains vulnerable to a sell-off.
The investment trust research team have adopted a new approach to issuing recommendations for the year by creating a model portfolio to present their highest conviction ideas across the closed‐ended fund space. However, the firm said as it does not make its own macro-economic calls and is therefore replicating the asset allocation breakdown of the FTSE WMA Balanced Portfolio. This currently has 35% in UK equities, 30% in international equities, 17.5% in bonds, 7.5% in hedge funds/alternatives, 5% in commercial property and 5% in cash. Investment company fundraising hits record high...
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