investment trusts

The Battle Against Cancer investment trust (BACIT) has announced its first charitable donations, totalling almost £1m, after a strong first five months.

Surging global equity markets' have pushed down discounts across the investment trust industry so far this year, pushing a number on to premiums, the latest data shows.

Anthony Bolton has told investors he has no regrets about taking on the Fidelity China Special Situations trust, despite a "disappointing" run of performance.

Caledonia trust has recruited Stuart Bridges, chief financial officer at insurer Hiscox, to join its board as it continues to implement a turnaround plan in an effort to narrow its discount.

UK

The Association of Investment Companies has joined Morningstar in urging investment companies to fully disclose portfolio holdings so they can compete with open-ended funds in a post-RDR environment.

At a conference last April, Jackie Beard, director of closed-end fund research at Morningstar UK, was horrified by some investment trust directors' lack of knowledge and awareness of the RDR. Over a year on, has she noticed any change?

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David Barron, head of investment trusts at J.P. Morgan Asset Management, responds to concerns over the liquidity of closed-ended products.

Sanjeev Shah has stepped down as manager of Fidelity's Special Values investment trust, after requesting to be taken off the mandate.