Investment trusts have worst year since 2008

Winterflood annual review

The closed-ended space had its worst calendar year since 2008, but Winterflood analysts are hopeful of a new year turnaround.

In the Winterflood Annual Investment Trust Review of 2022 it revealed the "challenging year" the space had gone through. The FTSE All Share Closed End Investments index was down 16.6%, the worst return since the financial crisis, and lagged the wider UK market for the second year in a row, as the FTSE All Share index returning 0.3%. The resulting difference of -16.9% was the highest level of relative underperformance on record, and meant the trust sector was the biggest detractor from the FTSE All Share last year. This is a long way from the record highs of 2020 when the average tr...