After some difficult times, investment trusts are re-emerging as the investment of choice for the in...
After some difficult times, investment trusts are re-emerging as the investment of choice for the intelligent investor. Falling markets are bad for all long-only investment funds and especially so for investment trusts if they have any gearing. So the years 2000-2002 were not vintage for the industry. Compounding the effect of falling markets was the accompanying drop in demand for shares which caused many discounts to widen - the double whammy. And, of course, the losses and scandal in the split capital sector has been bad for the image of the industry as a whole. It's given professional...
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