Investment company discounts moving into 2020 have "never been tighter", but trust buyers are still seeing bargain opportunities in a number of equity-oriented mandates.
The average discount for investment companies excluding VCTs and 3i hit 0.4% in February and 0.5% in April 2019, the narrowest seen in the past 20 years, Morningstar data shows. Edinburgh IT set to dump Invesco's Barnett in favour of Majedie Although this figure had widened slightly to 3.4% as at 31 December, it was still much narrower than the three-year and five-year averages of 6.6% and 7.1% respectively. Patrick Thomas, investment director at Canaccord Genuity Wealth Management claimed "ratings have never been tighter". This was partly due to the huge growth of the infrastru...
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