Sarah Godfrey looks back at 27 years of investment trusts

Who are the winners?

If you are reading this online - where what was once known as ‘tomorrow's fish and chip paper' can now live forever - then it may have escaped your notice that this article is appearing in the last-ever printed edition of Investment Week (where in a former life I had the privilege of acting as features editor).

I am sufficiently aged to remember the first edition in 1995, a time before Amazon (at least in the UK) or Google, when ‘the internet' was largely made up of dodgy chat rooms. From its earliest beginnings, the magazine has championed investment trusts as a key feature of the serious investment adviser's toolbox. Investment trusts, of course, date back much longer than 27 years, with the oldest - F&C Investment Trust - having been launched in 1868, before even the Financial Times (1888). A quick search of Morningstar data showed me there are 97 investment trusts in existence today that ha...