Investment trusts should concentrate on getting basics right

I am not going to beat around the bush when it comes to investment trusts and closed-end funds listed on the main market, I love the overall concept and structure. And on most counts I would always pick a listed fund over a wrap platform unit trust.

But although I am an evangelist for listed funds  I am in a tiny minority, consisting of private investors who take the process of researching funds seriously, and high-net-worth advisors who like the specialist skills and low management costs of listed vehicles. That minority status clearly rankles with the AIC which is constantly trying to punch above its weight and suggest investment trusts should be considered by all investors (which of course they should!). In this spirit a couple of weeks back the AIC  put out a press release that linked together the RDR and hopes for a greater ...