Investment Trusts

There are too many small, illiquid investment companies within the closed-ended sector which will struggle to win a place on wealth manager buy lists post-RDR, argues Standard Life Investments.

Incoming 3i chief executive Simon Borrows will this week announce plans to cut staff and shut a number of the group's overseas offices, according to reports.

Aberdeen Asset Management's head of North American equities Paul Atkinson is backing US blue chips over cyclicals to deliver dividend growth ahead of the market.

James Saunders Watson, head of marketing, investment trusts at J.P. Morgan Asset Management, explains how zero dividend preference shares offer capital growth and predictability of return without liability to income tax.

MAM Funds is hoping to as much as double the assets in Gervais Williams' Diverse Income trust through a C-share issue.

F&C Investments said its decision to launch a US investment trust instead of an open-ended fund has been largely driven by the vehicles' capability to retain a fixed pool of assets.

Troy Asset Management is poised to take over two closed-ended UK growth and income trusts which are set to be merged into Francis Brooke's £81m Troy Income & Growth trust.

ITs

Invesco Perpetual's income stalwart Neil Woodford has initiated three new positions in his £915m Edinburgh investment trust, to take advantage of share weakness.

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