Shareholders and analysts have welcomed the 'radical' changes announced today by Alliance Trust as a positive first step, but warn more needs to be done in areas including discount management and investment performance.
Earlier today, Alliance Trust announced a raft of changes that will see its board become fully independent; its investment team shift benchmark; the disposal of some of its assets; and a commitment to lowering fees and narrowing its discount. Alliance Trust's shares rise 3% as board makes 'radical' changes The trust's share price jumped 3% as shareholders welcomed the news, but experts agree more work now needs to be done. Clearer discount controls Analysts and investors have identified performance and discount controls as key areas to watch over the coming months, but some are n...
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