Funds

Managers at newly launched Integral believe rapid-growth of ETFs is key to unlocking opportunities for investor asset allocation

INVESTMENT TRUSTS

Manager urges investors not to focus on short-term performance as trust returns 81% over year to 31 March in contrast to last year's declines

Winterflood research claims liquidity issues are making smaller investment trusts less attractive to investors

David Coombs has boosted the investment trust holdings within his Rathbone Strategic Growth Portfolio as discounts to net asset value have narrowed.

VIEW FROM THE BRIDGE

The Cautious Managed sector was the top seller on Cofunds in April whilst UK All Companies saw a net outflow as the uncertain political situation weighed heavily on investor sentiment.

Better governance is needed to get the investment trust industry back on its feet, writes Simon Westlake of City of London Investment Management

Investec Structured Products has raised £3.8m for its first VCT launch. The venture capital trust, which is run in partnership with Calculus Capital, will invest in a combination of structured products and venture capital investments.

Several European ETF issuers will be able to launch ETFs on the S&P 500 index as of 17 May, when Standard and Poor's exclusive arrangement with iShares ends.