Investment trust shareholders are often told they need to invest for the long term. Fund managers in the closed-ended sector are also following this advice, with two running their trusts for over three decades.
China and India weaker performers
Michael Hasenstab, executive vice president and chief investment officer for Templeton Global Macro Group, gives his assessment of China's true debt levels.
Canaccord Genuity has recommended a number of closed-ended vehicles which investors should reconsider, including a handful still sitting on a premium.
Mark Mobius has stepped back from his role as lead manager of the Templeton Emerging Markets investment trust after 26 years, to be replaced by Carlos Hardenberg.
Prudential chair Paul Manduca has joined the board of the Templeton Emerging Markets trust as its chairman steps down after more than a decade with the company.