Helping investors find their way

The old maxim, 'knowledge is power' is never more true than when making investment decisions. For investment trusts, the annual report can provide a wealth of information to lead investors in the right direction

Perhaps the best navigational aide available to investors is the annual report. Each pooled investment fund, whether Oeic, unit trust or investment trust, is obliged to produce one. Essentially, these reports include the full, independently audited accounts of the fund, but also a goldmine of other important information that can help investors make more knowledgeable portfolio decisions. Although all annual reports are an essential source of knowledge for investors, investment trust annual reports have a clear advantage. This is because, as publicly listed investment companies with indepe...