Several trends are helping trusts invalidate criticism thrown their way. Tony Foster, manager of the Halifax fund of investment trusts OEIC and investment director of global equities at SWIP, explains.
Opinions differ as to whether the Retail Distribution Review (RDR) will be the Prince Charming that rescues investment trusts – the eternal Cinderellas of the investment world – from neglect. And although only time will tell if a pantomime-style happy ending awaits, a growing number of advisers are, like Sleeping Beauty, awakening to the opportunities that a new style of “open-ended” investment trusts can provide. The advantages of investment trusts are well known. They often outperform open-ended funds run by the same manager and their fees tend to be lower. They allow managers to enhan...
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