Investment Trust

Activist pursuing board appointments

Criticism of discount contol mechanisms

High yield products popular

Cash levels increased

Banks proving attractive

Nick Sketch, senior investment director at Investec Wealth & Investment, looks at how some trusts with under or 'conservatively' valued assets could hold the best return opportunities.

Canaccord Genuity has recommended a number of closed-ended vehicles which investors should reconsider, including a handful still sitting on a premium.

The Mid Wynd International investment trust has bounced back, after switching management from Baillie Gifford to Artemis last year, with total net assets up 28% to £80.8m over the year to June 2015.

Neil Woodford's Patient Capital Trust is to issue new shares in a tap issuance programme to satisfy 'excess demand' from investors.

Will Landers, manager of BlackRock's Latin American investment trust, said he has adopted a defensive but more flexible investment approach as the region continues to struggle.