Is it time to freshen up the IT mandate?

CONTRARIAN

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Trouble is brewing in the world of investment trusts. 2011 was not a vintage year for our most venerable of investment institutions and 2012 is not shaping up to be that much better.

Over the past few weeks the investment trust research community has been passing comment on the sector, with analysts such as Charles Cade (Numis) and Paul Locke (Cannacord) notably cautious about the future. On paper, 2012 should be a year of great opportunity for the investment trust sector – building up to RDR and a brave new world of transparent pricing. In the real world nothing much seems to be happening. The big platforms claim they are about to include a wide range of investment trusts on their client-facing structures but I will believe that when I see it. If Joe Public is to st...

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