The government could have reaped more value from the Royal Mail sale it if had been less cautious and better controlled access to shares, the National Audit Office has said.
Value is drying up among the largest investment trusts in the market, with discounts shrinking as buyers favour more liquid products.
Suggestions 2013-2014 has seen the return of a stockpickers' equity market are "rubbish", according to Threadneedle head of UK equities Simon Brazier.
The TwentyFour Select Monthly Income trust has met its minimum fundraising target despite an increasingly difficult market for trust IPOs.