Investment Trusts

Lindsell Train co-founder Nick Train believes the negative sentiment surrounding equities has been overstated, and argues equities are instead in bull market territory.

Investment trust broker Winterflood has dropped Alexander Darwall's Jupiter European Opportunities trust from its buy list, deeming the trust too expensive to buy after its shares drifted onto a premium.

Witan's Andrew Bell will become chairman of the Association of Investment Companies (AIC) early next year, replacing Sarah Bates, who has stepped down after a two year spell in charge.

Investment trust providers are coming under pressure to reduce annual management charges after being undercut in certain sectors of the market by OEICs and unit trusts.

Bruce Stout, manager of Murray International Trust, examines how companies in Europe, Asia and Latin America are changing their attitudes towards equity income investors.

The Association of Investment Companies has joined Morningstar in urging investment companies to fully disclose portfolio holdings so they can compete with open-ended funds in a post-RDR environment.

Former Treasury minister Paul Myners has joined the board of the Ecofin Water & Power Opportunities investment trust as a non-executive and independent director.

Small caps and European focused investment trusts topped the performance charts in the third quarter, while Japanese portfolios lagged, new data from Oriel Securities has revealed.

INVESTMENT TRUSTS

While many are hailing the RDR a new dawn for closed-ended funds, John Newlands, head of investment trust research at Brewin Dolphin, warns it could cut both ways.