Gap shrinking as Q4 data comes to light
Averaging 47% discount for equity funds
Discounts as wide as during financial crisis
Share price dropped by 3.5%
European trusts trounce other sectors
Average rate hit nearly 1.5% in May
Shares still not a 'buy'
NAVs slumped throughout Q4 2018
Currently on a 13% discount
More than two thirds of investment companies (excluding VCTs) now have discount control mechanisms (DCMs) in place, compared to about 40% five years ago, but some industry commentators believe further action should be taken as no trust should be "sitting...