One of the things I love about the investment trust industry is the breadth of style and opinion enc...
One of the things I love about the investment trust industry is the breadth of style and opinion encompassed within it. There are very few open-ended funds that could adopt say Jonathan Ruffer's (Ruffer Investment Trust) or Max Ward's (Independent Investment Trust) eclectic style and get away with it. Over the past few months many, but by no means all, of those managers in the sector who have the freedom (granted by their investment objective as well as by their board) to decide their own asset allocation, have decided that they are distinctly bearish and they have adjusted their portfoli...
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