Still going strong

With a history that goes back over 140 years, the investment trust sector has seen it all, but what does the future hold?

In the 15 years since the launch of Investment Week there has been an awful lot of water under the bridge of investment. From the steady market rises of the mid to late 1990s to the ‘irrational exuberance’ of the tech boom and subsequent bust; from the wilderness years of the early 2000s to the ‘Baghdad bounce’ of 2003; and from credit feast to credit famine, investors have had many occasions to ponder the warning “the value of investments can go down as well as up”. At the product level too, we have seen many developments. Unit trusts have largely given way to OEICs, and the open-ended ...