7IM's Sleep: Why trusts shouldn't be included on buy lists

'Not suitable'

Beth Brearley
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7IM's Peter Sleep
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7IM's Peter Sleep

Despite recent calls for investment trusts to be included on fund selectors' buy lists in light of the suspension of the open-ended Woodford Equity Income fund, 7IM's Peter Sleep has warned against the move.

The Woodford Equity Income fund was suspended on 3 June on the back of poor performance prompting redemptions that were becoming difficult to meet due to the fund's large alloaction to illiquid assets....

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