Fund research and ratings group RSMR is now rating investment trusts in response to adviser demand.
Accessing three ‘closed’ strategies via investment trusts
Woodford Investment Management (WIM) is seeking to raise an initial £200m for the launch of the Woodford Patient Capital investment trust, a portfolio of 50-100 quoted and unquoted businesses.
Canaccord Genuity has criticised 'complacent' investment trust boards in a new report, suggesting they must modernise if they are to compete effectively in the funds market.
Alliance Trust's head of equities, Peter Michaelis, said an increased focus on sustainability has driven a number of significant changes to the group's £2.5bn flagship global trust over recent months.
Twenty years of change and innovation
The board of the Pacific Assets trust, managed by First State's Asia team, will scrap its performance fee, following the lead of a number of other vehicles in the closed-ended space.
By investing only in the largest trusts, investors are ignoring a plethora of funds offering a combination of value and scope for narrowing discounts, says Nick Greenwood, manager of the CF Miton Worldwide Growth investment trust