Also flags enhancement to RDR reforms
Report by Canaccord Genuity
Only four brand new trusts launched
Boards reassessing strategies
Alex Wright, portfolio manager of the Fidelity Special Values trust and Special Situations fund, talks to Lawrence Gosling about opportunities in sectors including financials, oil and construction.
Investment trust commentators have welcomed the news Alliance Trust has agreed to buy out Elliott Advisors' near 20% stake in the £3.5bn vehicle at a 4.75% discount to NAV, saying it will "end a turbulent chapter" in the fund's history.
First time it was most popular sector
Long term, discounts have moved in tandem with FTSE All Share
Figure currently ranges between 5%-33%
Investors could move to JP Morgan Elect trust