Kepler Partners: Five top trusts with the fastest-narrowing discounts

Strong performance by UK trusts

Downing Strategic Micro-Cap, River & Mercantile UK Micro-Cap and the Henderson Opportunities Trust are among some of the investment companies in Kepler Partners’ portfolio of discounted opportunities that have achieved the most significant narrowing of discounts to NAV over the last quarter, according to the firm.

The portfolio, which is a selection of trusts the firm believes will supercharge investor returns as their discounts narrow, contains 11 investment trusts, six of which have seen their discounts narrow since the start of the year to the beginning of April. "Particularly strong performance was seen from the UK trusts once more," Kepler's research team said. "In our view, there is still more to come in terms of catch-up in the UK. Sentiment should continue to improve during the summer as the economy actually opens up and vaccines are shown to work in an open society." A case of ESG f...