Ten trusts trading strongly as markets farewell the sell-off
Stifel data highlights the investment trusts with discounts/premiums closest to their six-month highs
Stifel data highlights the investment trusts with discounts/premiums closest to their six-month highs
Closed-ended fund share registers increasingly dominated by retail investors
What a difference a couple of weeks can make in the investment trust world. At the start of February, the River & Mercantile UK Micro Cap trust was trading a 16.2% premium to net asset value (NAV), following a strong run of performance, but that was soon to change.
After a year in which discounts have narrowed, Winterflood Investment Trusts has warned the growth and stability of investments trusts witnessed in 2017 could be at risk if markets see a significant downturn.
Despite significantly outperforming developed markets for the past two years, discounts in the emerging market investment trust sector remain in double-digit territory, according to broker Stifel.
Uncertainty stemming from last month’s general election was not enough to stop discounts in the investment trust sector continuing to tighten, according to Winterflood Investment Trusts.
Investment trusts outperformed general markets in August due to a tightening of discounts.
Private equity funds have reported increased NAVs and attractive discounts in the first half.
Fund raising for investment trusts deteriorated in June as market conditions made IPOs tough.