Investment trusts about to take next step

Investment trusts typically boast lower charges than open-ended counterparts, with the impact of discount playing a key part in this

This week's debate covers the investment trust market. Present were Hamish Mair, head of private equity funds at F&C Asset Management, and Simon Crinage, client director of the investment trust division at JP Morgan Asset Management. Do investment trusts generally outperform or underperform open-ended vehicles? SC: Investment trusts outperform open-ended vehicles and there are one or two fundamental reasons why this is the case, one relates to the operating expenses of the companies. Typically, closed-ended investment trusts have lower operating expenses than many open-ended vehicles an...