Patrick Vogel as lead manager

Will not make formal offer

Could affect investors' risk appetite

Managed by Fiona Rowley

Currently yielding 2.5%

Investment trust providers need to have strong reasons to justify launching new closed-ended funds with equity mandates, as the sector becomes increasingly dominated by alternatives vehicles, according to Numis Securities.

Latest ICM telephone poll

Two very different mandates

Analysts have hit out at last week's decision by the board of the £1.7bn Electra Private Equity investment company to terminate its contract with investment manager Electra Partners after four decades, warning the announcement has exacerbated an already...

Henderson's manager of the European Focus trust, John Bennett (pictured), and manager of the EuroTrust, Tim Stevenson, discuss the main drivers for European companies in the current environment.