Investment trusts close 2023 with 4.6% performance boost

Numis research

Cristian Angeloni
clock • 3 min read

The investment company universe closed 2023 with overall positive performance despite a tumultuous year for the sector.

According to Numis, the investment trust universe saw its valuation rise by 10.4% during 2023, largely due to the success of 3i Group, although this figure falls to 4.6% once the largest trust is excluded. Although the sector closed the year in positive territory, Numis analysts Ewan Lovett-Turner and Andrew Rees noted investment trust performance was "well behind" US and global equity market indices. Interest rate expectations to shape the path for private markets in 2024 Investment trusts enjoyed an early ‘Santa rally' from October 2023, they stated, following drops in inflation ...

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