Smith & Williamson's James Burns, head of the multi-manager team, highlights the top investment trusts which have benefited his portfolios.
One of the features of the past four years has been the strong seasonal pattern to stock market returns. The first quarter has typically produced positive returns, followed by a weaker second quarter. This year has begun in exactly the same fashion, with equity markets demonstrating resilience in the face of the Cyprus crisis, the lower than hoped-for rate of Chinese economic recovery and sequestration in the US. The Japanese index has led the tables and the US stock markets broke through their all-time highs. Europe and the UK have also chalked up high single-digit returns but Asia a...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
