Numis Securities

'Expanding universe of alternatives'

Strategic review kicked off in May

JPMorgan trusts leading the winners

Trust analysts disappointed by decision

Buying opportunities within closed-ended sector?

To widen appeal to income starved investors

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.

Two very different mandates

Analysts have hit out at last week's decision by the board of the £1.7bn Electra Private Equity investment company to terminate its contract with investment manager Electra Partners after four decades, warning the announcement has exacerbated an already...

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.