Investment Trusts

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.

INVESTMENT TRUSTS

The managers of the £187m BlackRock Greater Europe investment trust have significantly outperformed their benchmark thanks to an overweight to industrials and an underweight to financials.

Edinburgh Dragon Trust's Andrew Gillan has warned Asia's rapid growth will slow over the rest of this year, but is confident in the market's long-term prospects.