AIC

10 trusts set to join

Nimmo's trust top of sector over decade

The AIC's Nick Britton analyses the reasons behind the record amounts raised by ITs so far this year

"I love all my children equally" is how manager James Henderson recently described running both open-and closed-ended vehicles.

High yield products popular

Data shows closed-ended stronger over five years

Investment trust discounts have hit a fresh historic low, according to new figures from the Association of Investment Companies (AIC).

Figures from the AIC show that 45% of investment trusts have now had the same manager for at least a decade, with a select few having been in charge for a quarter century.

Almost one fifth of investment trusts have changed managers in the last 18 months as a result of retirements, departures and greater board scrutiny, according to the Association of Investment Companies (AIC).

Investment trust sales on adviser platforms reached a record high in the first quarter of 2015.