In changing of the seasons we (investment) trust

Falling NAVs spooked buyers

It is the time of year when we, in the northern hemisphere, emerge from winter, welcome new life, and even start a new UK tax year.

Our gardens sprout new growth and rediscover colourful displays, it is in many ways an optimistic time of year. Investors might be tempted to have similar feelings towards the investment trust market. To recap, recent years have seen what feels like an unprecedented period of "issuance" where new investment trusts were formed to invest in a variety of assets such as property, infrastructure and even esoteric things such as music royalties, that have typically been out of reach of many investors. Nick Train adds to Experian in wake of SVB and Credit Suisse The shares of such vehicle...