News of Neil Woodford's forthcoming trust investing in early stage companies has prompted comparisons with venture capital trusts (VCTs), but analysts say they are unlikely to appeal to the same kinds of investors.
Some of the UK's most prominent investment trusts received a performance boost last year from their positions in unquoted companies, one of which went on to launch the largest IPO in history.
Hargreaves Lansdown is planning a push into the asset management arena which could see it hire external fund teams and market its services to advisory businesses in future.
Equity investors today seem to have only two options: to invest in expensive companies or those with inherent financial risk attached, according to Simon Gergel, manager of the Merchants trust at Allianz Global Investors
Fund research and ratings group RSMR is now rating investment trusts in response to adviser demand.
Accessing three ‘closed’ strategies via investment trusts
Tinder, Match, or speed dating: The DFM/platform relationship
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.