iimia's Nick Greenwood foresees a growth in investment trusts displaying the redemption features of Oeics
There will be an increase in the number of investment trusts offering redemptions next year, according to iimia's Nick Greenwood. Group investment director Greenwood says there is a definite need for investment trusts that display the redemption features of Oeics to avoid the problems associated with highly-illiquid investments. "We will end up with a hybrid structure. Many Oeics with illiquid investments get stuck when faced with redemptions, as they cannot get the money out. "So, perhaps they should not be open-ended? And closed-ended structures suffer if there is no redemption mech...
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