Winterflood: Buy Scottish trusts in event of independence

Investment trust analysts at Winterflood Securities have marked Scottish investment trusts as a buying opportunity should the country vote ‘yes' to independence.

In a report released yesterday, Winterflood noted that  discounts on Scottish trusts will probably widen in such an event, given investors' concerns over the immediate legal and fiscal issues facing an independent Scotland. But Winterflood is confident that "any short term fears would be negated", given that these problems were likely to be resolved for most trusts through relocation or favourable policy from a Scottish government. "We would regard [the widening of discounts] as a buying opportunity on the basis that any short term fears would be negated," Winterflood said. However...