Investment trusts do not have to sell a holding in an illiquid market and can wait for the situation to improve, making them good vehicles for accessing less liquid areas of the market
A revolution of Copernican proportions has quietly taken place in the investment community. Gone are the days when both individuals and institutions placed most or all of their money into the mighty balanced managed funds. These behemoths of the investment world lumbered around providing predictably average returns for investors who were content to allow seemingly perpetual share price growth take the strain of providing the required investment returns. In such an environment there was little place for specialist investment funds, and investment trusts in particular fell out of favour. But...
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