Baroness Bowles sets out details of investment trust bill in the Lords
She said the trust sector had lost out on ‘£30bn and counting’ through the ‘glitch’ of cost disclosure rules for investment trusts
She said the trust sector had lost out on ‘£30bn and counting’ through the ‘glitch’ of cost disclosure rules for investment trusts
There are 32 trusts investing in equities with yields above 4%
JP Morgan Global Growth & Income, Ashoka India Equity and Invesco Bond Income Plus among issuers
Infrastructure trusts are trading at steep discounts, but could be overdue a re-rating
Sales of investment companies overtook purchases by £53m
Institutions hold £89bn in investment company shares
Toby Ross will focus on other responsibilities at the Scottish asset manager
Sale totals £5.6m, or 1.4% of portfolio
Seven of the 20 most-viewed trusts on the AIC website in 2023 were UK Equity Income-focused
Consultation period ends on Wednesday 10 January
The hedge fund promises to disrupt the investment trust industry
The hedge fund promises to disrupt the investment trust industry at a vulnerable moment