ITs vs OEICs: Three UK managers under the microscope

In the next article in the series, FE Trustnet's Joshua Ausden considers three highly-rated UK equity managers and examines which of their portfolios are most attractive.

Narrowing discounts, and the positive impact of gearing, mean the equity rally of recent years has given investment trusts the edge over their open-ended counterparts. For some, this is a good enough reason to pick trusts over funds - particularly when the choices in question are run by the same manager. There is much more to consider than past performance, however - even if you believe investment trusts are destined to outperform over the long term. Cost, liquidity and the discount/premium and gearing at point of purchase are among a number of factors investors must consider. Belo...