Investment trusts have long been under pressure from the open-ended fund market, which is often easier to access and offers the scale and liquidity the professional investment community increasingly requires.
More recently, trusts have also faced the threat of competition from the $10trn passive industry, which only continues to grow. In response, a closed-ended fund must look to its unique characteristics...
Countdown to 31 October
Caught in crossfire following Equity Income fund suspension
Liquidated in 2012
OCF of 0.10%