An active year for trust boards

Woodford drama proves independent oversight is necessary

Sarah Godfrey of Edison Group

Sarah Godfrey of Edison Group

One of the undoubted advantages investment trusts have over OEICs is the oversight of an independent board of directors.

Very often, the directors are also significant investors in the fund, which ensures alignment of interests. In contrast, open-ended funds may be launched and promoted more in line with the marketing...

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