The investment trusts offering the most value

James Burns, head of the multi-manager desk at Smith & Williamson, reveals which sectors offer the most opportunities.

The past few weeks have proved to be a rollercoaster of a ride for stock markets as positive news at a corporate level has been drowned out by concerns over the macroeconomic outlook. America’s credit downgrade by S&P from AAA to AA+, partially brought on by the haggling over the debt ceiling in the US Senate, the ongoing sovereign debt crisis in the eurozone, as well as uncertainty over the future strength of the Chinese economy all proved too much for investors and led to steep falls in most global stock markets. This flight out of risky assets drove the FTSE 100 beneath the 5,000 leve...