Investment Trusts

Witan has added an emerging markets portfolio to its multi-manager investment trust as part of a move towards a more active, high conviction style.

Laxey Partners has stepped up its fight against Alliance Trust, creating a shareholder action group website in a bid to build support for a discount control mechanism set at 10%.

The £300m Electric & General Investment trust, which opened in 1890, is winding-up after failing to shrink its persistent discount.

F&C's Peter Hewitt looks at what has driven investment trusts' general trend of long-term outperformance.

The board of the Lowland investment trust, run by Henderson's James Henderson, has introduced a performance fee on the vehicle.

Fidelity's China Investment Trust, managed by Anthony Bolton, was named Best New Launch in the 12th annual Investment Week Investment Trust of the Year Awards, held last night.

LATIN AMERICA

BlackRock's new Frontiers investment trust will have large a exposure to the Middle East and Africa, but limited holdings in Asia and Latin America.

An oil and gas overweight has been the biggest driver of outperformance for the £99m J.P. Morgan Smaller Companies investment trust over the past year.

The manager of the Murray Income trust is preparing to buy into non-UK assets after shareholders voted to diversify away from concentrated UK sectors earlier this year.