trustwatch

John Newlands, Newlands Fund Research

An interesting and potentially rewarding medium- to long-term hold is Asset Management Investment Company (AMIC). At just £36m, it is a relatively small and little-known investment trust whose qualities have gone unnoticed for some time. Performance is good, it trades at a 17% discount to net asset value and yields more than 4%. There are three main reasons why AMIC has been missed by some analysts in the past. The first is that the trust was until recently a split, and as such pigeonholed with other split-capital trusts of a less sound nature. AMIC is now a conventional trust, albeit ...