Investment Trusts

Boards reassessing strategies

Opportunities in a number of sectors

Proposed lower taxes and cash repatriation

'Right balance between fear and greed'

Alex Wright, portfolio manager of the Fidelity Special Values trust and Special Situations fund, talks to Lawrence Gosling about opportunities in sectors including financials, oil and construction.

Follows revision of benchmark in December

Investment trust commentators have welcomed the news Alliance Trust has agreed to buy out Elliott Advisors' near 20% stake in the £3.5bn vehicle at a 4.75% discount to NAV, saying it will "end a turbulent chapter" in the fund's history.

Effective immediately

Significant returns since mandate change

Initiating share repurchase programme