Investment Trusts

Increase of 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.

Reduces blue-chip holdings

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...

RIT has until 27 June to make a formal offer

Yield-hungry investors have been flocking to specialist property trusts this year, against a backdrop of falling demand for more generalist property funds.

Ex-Aviva Investors Lis appointed to board

Platform launches 12 trusts

Only 26% of investment trusts launched between 2000 and 2009 are still going strong, while the rest have been wound up due to poor performance, wide discounts or because their mandate is no longer relevant, according to Numis Securities.