Association of Investment Companies

Daniel Godfrey, who resigned yesterday as chief executive of the Investment Association, faced an almost impossible task when he joined the trade body nearly three years ago.

The majority of investment trusts have seen their discounts widen in 2015 despite equity markets reaching record highs, leaving analysts perplexed.

How has better transparency helped investors?

Investment Trusts

The Association of Investment Companies (AIC) is advising members with modest investments in US securities to avoid signing up to FATCA, in the same week as the IMA called for a further delay to the deadline.

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.