IPO

Investment trust managers are showing renewed appetite for unlisted companies as a way of "differentiating themselves" from competitors, as they also hunt for fresh opportunities in a low-growth environment.

Investment trust providers need to have strong reasons to justify launching new closed-ended funds with equity mandates, as the sector becomes increasingly dominated by alternatives vehicles, according to Numis Securities.

Only 26% of investment trusts launched between 2000 and 2009 are still going strong, while the rest have been wound up due to poor performance, wide discounts or because their mandate is no longer relevant, according to Numis Securities.

IPO listings fall by more than half

Discusses challenges facing the UK market

Record-breaking secondary issuance figures

Private investments now 10% of portfolio

The message at this stage of the economic cycle, or any stage, is 'buyer beware'.

High yield products popular

Investment trust discounts have hit a fresh historic low, according to new figures from the Association of Investment Companies (AIC).