UK SMID-cap trusts shine after General Election

Still lumbered with heavy discounts

The conclusive result of last month's General Election has buoyed long-suffering UK-focused investment trusts, which have outperformed both fund equivalents and the broader market since early December as sentiment towards UK assets improves.

The IT UK All Companies sector delivered an 8.2% return from the 12 December polling day to 10 January, placing it above all other fund or trust sectors in addition to the FTSE 250, which was up 3.9% over the period, according to FE Fundinfo. Brexit Blog: Business should be included in trade talks - CBI It was followed by the IT UK Smaller Companies, IA UK Smaller Companies and IT UK Equity Income sectors, which averaged returns of 8%, 7.8% and 5.1% each respectively over the period. The IA UK All Companies and Equity Income sectors were the fifth and sixth best performing over the...