Trusts beat open-ended funds over last decade as RDR pressure builds

Investment trusts have substantially outperformed unit trusts and OEICs over the past decade, according to research.

The latest figures are likely to add fuel to the fire for campaigners pushing for more advisers to consider closed-ended vehicles post-RDR. A report from broker Collins Stewart found investment trusts have outperformed their open-ended counterparts across the vast majority of equity markets. In total, eight of the nine directly comparable regional sectors outperformed on a ten-year view, with only the Japanese sector lagging. On a NAV total returns basis (see table) the biggest outperformer was the global emerging market sector which returned 455.6%, compared to an average return of 3...