Investment trusts have substantially outperformed unit trusts and OEICs over the past decade, according to research.
UK-domiciled investment trusts have been granted greater flexibility in paying out dividends, with vehicles now able to distribute capital profits as income for the first time.
F&C Investments' Julie Dent is set to retire from fund management on 30 September and will hand over the reins of the £490m British Assets investment trust to Phil Doel.
Conservative peer Howard Flight, joint founder of Guinness Flight alongside Tim Guinness, has joined the board of the Aurora Investment trust.
F&C's Peter Hewitt looks at what has driven investment trusts' general trend of long-term outperformance.
Commodities and resources have overtaken blue chips as investors' favoured sectors for the first time in over seven years, said the Association of Investment Companies.