Pushing for business

The stereotype of the stale and UK-focused investment trust is being broken down as managers push into more specialist markets

Investment trusts have a reputation for being stuffy, dull and somewhat isolated in the fading glory of Britain's lost empire. That image is far from the truth. They are often as funky as, if not racier than, their open-ended counterparts. Any investor worth his salt has a holding in India or China these days but pure-play, single-country, open-ended funds remain a rarity. Not so with investment trusts, which have been running focused money there for over a decade. "The perception is that investment trusts are generally stale, primarily UK-focused or only looking overseas globally. That...