Investment Trusts

INVESTMENT TRUSTS

Fidelity is looking to raise £162.1m in a new share issuance on its China Special Situations trust, run by Anthony Bolton.

Gartmore's closed-ended Irish Growth fund will wrap up in the New Year, subject to shareholder approval.

Investment trust managers are optimistic equities will rally in 2011 and 77% expect the FTSE 100 to end the year between 6,000 and 6,500, according an AIC survey.

Witan has added an emerging markets portfolio to its multi-manager investment trust as part of a move towards a more active, high conviction style.

Laxey Partners has stepped up its fight against Alliance Trust, creating a shareholder action group website in a bid to build support for a discount control mechanism set at 10%.

The £300m Electric & General Investment trust, which opened in 1890, is winding-up after failing to shrink its persistent discount.

F&C's Peter Hewitt looks at what has driven investment trusts' general trend of long-term outperformance.

The board of the Lowland investment trust, run by Henderson's James Henderson, has introduced a performance fee on the vehicle.

Fidelity's China Investment Trust, managed by Anthony Bolton, was named Best New Launch in the 12th annual Investment Week Investment Trust of the Year Awards, held last night.