Why are there often such differences in the performance of investment trusts and open-ended counterparts run by the same managers, asks James Burns, head of the multi-manager team at Smith & Williamson.
The investment companies sector has proved itself to be durable and adaptable over its almost 150 year history. This is demonstrated best by its oldest constituent, Foreign & Colonial. It was originally...
'Following the letter, but not the spirit, of the rules'
Tech giant still stands out
Reduces chances of rate hike
Designed to park short-term cash