Only 26% of investment trusts launched between 2000 and 2009 are still going strong, while the rest have been wound up due to poor performance, wide discounts or because their mandate is no longer relevant, according to Numis Securities.
European and Japanese equities failed to rise after central bank action
Japan has 'tested our resolve'
Joined the firm in 2015
Kepler Partners' analysis of more than 280 funds reveals why even the most concentrated of small- and micro-cap focused trusts have superior risk/return characteristics.
Most people would agree, any investment proposition must involve some consideration of risk and return. A good investment idea is one that sees an attractive return profile without commensurate downside risks.
Not get-out-of-jail-free card
Following the global rout in commodities in 2015, managers are rotating back to oil, mining and precious metals this year via a range of vehicles such as ETFs, investment trusts and MPLs.