Increased demand for UK SMID trusts sees discounts narrow to tightest levels in three years
NAVs slumped throughout Q4 2018
The UK economy is showing "anaemic growth", according to managers
The average discount on UK small- and mid-cap focused trusts has tightened to 6% - the lowest level seen since before the EU referendum in 2016 - following heightened demand in the wake of sharp share price falls at the end of 2018.
Many trusts in the AIC UK Smaller Companies sector and those listed as UK mid-cap funds in the UK All Companies sector saw their NAVs fall throughout Q4 last year as stockmarkets were beaten, with those...
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