Investment trust buyers are looking to switch into unloved value trusts after the rally in their growth-orientated peers left many of these looking overvalued.
The managers of the £3bn Scottish Mortgage investment trust have added a number of idiosyncratic stocks to their portfolio in the belief that 'safer' companies could be set for a fall.
Annabelle Williams asks two wealth managers which investment trusts have made it on to their buy lists.
James Anderson, manager of Baillie Gifford's £2.1bn Scottish Mortgage investment trust, is stepping down from the position for six months.
In less than three months, investment trusts will sit on a level pricing playing field with open-ended products for the first time, as the industry says goodbye to trail commission.