Funds

EQUITY INCOME

Lindsell Train founder Nick Train has revealed hefty positions in some of the more defensive stocks in the FTSE 100 helped him outperform the market substantially last year.

EMs

ITs

UK-domiciled investment trusts have been granted greater flexibility in paying out dividends, with vehicles now able to distribute capital profits as income for the first time.

Henderson's John Bennett has overhauled the Henderson European Focus trust, introducing more risk into the portfolio through active bets against the benchmark.

Numis Securities predicts established equity income investment trusts will be the main beneficiaries of RDR when it is implemented next January.

ETFs

Nearly a fifth of investment trust directors do not invest in their own companies, the latest ‘Skin in the Game' report by broker Collins Stewart has revealed.

The public's willingness to accept economic reform may be a greater problem for Europe this year than the stubbornness of the ECB, according to the managers of the Ruffer Investment Company.