No new investment trusts were launched in 2022 and only one so far this year, as the structure went out of favour amid share price declines, suspensions and struggles to meet a minimum size, according to research by Stifel.
The current climate "makes it relatively difficult to launch new [investment] companies for the time being", analysts at Stifel said. They added: "We still think that funds in some asset classes, for example PFI, infrastructure, and distressed debt, with managers who have a proven track record, may still have at least some chance of launching new funds in the next year or two." Losing trust: The ebb and flow of investment trust sentiment The only investment trust launched in 2023 has been Ashoka WhiteOak Emerging, which by raising £30.5m, pre-expenses, just reached its minimum size...
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