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Electric & General Oeic’s use of an independent board is unlikely to be copied by competitors.
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Electric & General’s roll-over option is an unique hybrid of investment trust and Oeic structures.
Julie Dent will retire from F&C in September, handing over her British Assets Trust to Phil Doel.
Investment trust buyers still show a clear preference for older, more traditional income portfolios.
Winterflood is predicting a widening of discounts for investment trusts and the investment sector.
The £122m F&C-managed trust saw its NAV rise 12.5% in sterling terms over first half of 2011.
IFPT has appointed new managers but the board is still considering a merger with another trust.
Since the turn of the year, the defensive healthcare and biotech funds have given solid returns.
Fund raising for investment trusts deteriorated in June as market conditions made IPOs tough.
Schroders has delayed the launch of the Opus Commodity Fund, a Guernsey-domiciled investment trust.
Laxey has lost its bid to force changes at the UK’s largest investment trust.
SVM AM is encouraging shareholders in its UK Active trust to reinvest in the firm’s UK Growth Fund.
