How the RDR will affect closed-ended funds

INVESTMENT TRUSTS

Morningstar's Jackie Beard says RDR legislation will level the playing field in the CEF space.

In December, my colleague Tom Treanor and I took part in a closed-ended webinar summit, the final session of which was a panel session ‘under fire’ – where all of the morning’s presenters, which included three asset managers too, were subjected to interrogation by Dennis Hall of Yellowtail Financial Planning. One of his questions to us was: do we really think there will be a genuine resurgence of interest in investment trusts, or are those with a vested interest simply jumping on the RDR bandwagon? The advent of RDR will remove the age-old prejudice against closed-end funds (CEFs) for...