In an environment of continued macroeconomic and political uncertainty, it might seem odd that investment company discounts have approached multi-year lows in recent weeks, writes Sarah Godfrey, investment companies analyst at Edison Group.
According to data from Morningstar, the average discount for all investment companies (excluding VCTs and 3i) reached 1.44% on 1 May 2019, although it has since widened again to around 3%. While some...
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