ITs in 2014: Narrowing discounts and an income focus

ITs in 2014: Narrowing discounts and an income focus

The Association of Investment Companies analyses how investment trusts have grown and performed in 2014.

In the post-RDR world, purchases of investment companies by advisers and wealth managers have been steadily increasing. In the 12 months to June 2014, purchases reached £422.9m, a 48% increase on the 12 months ending June 2013, and up 112% on the 12 months ending June 2012. The sector’s performance continues to hold its own. The latest Canaccord Genuity research shows investment companies outperformed comparable open-ended funds in 12 out of 15 sectors over ten years, 14 out of 15 sectors over five years, and 11 out of 15 sectors over one year. So far, so good, although naturally any ...