Six defensive investment trusts for a market pull-back

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Global stock markets have notched up impressive gains over the past three months, with the FTSE 100 yesterday breaking the 6,400 barrier to reach a five-year high.

London's leading share index has risen some 13% over the past three months, while the FTSE World index (£) is up nearly 15%. But investment trust analysts at broker Oriel Securities believe a market correction is inevitable after such a strong run, and are urging clients to look at defensively biased investment trusts. Here, investment trust analyst Iain Scouller names six investment trusts which should hold up strongly and shield capital in an equity market sell-off. RIT Capital Jacob Rothschild's listed investment trust suffered last year from the cyclicals led equity rally, b...

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