Investment Trusts

Anthony Bolton has told investors he has no regrets about taking on the Fidelity China Special Situations trust, despite a "disappointing" run of performance.

Star fund manager Anthony Bolton is to retire from portfolio management next year, Fidelity has announced, with Dale Nicholls set to take over the reins at the group's China Special Situations investment trust.

Invesco Perpetual's Neil Woodford, manager of the group's £25bn suite of UK income products, has described his heavy underweight position to the mining sector as one of the biggest drivers behind his outperformance over the past year.

TOP PERFORMERS

The Association of Investment Companies (AIC) has named the top 20 performing and most consistent investment companies over the past decade.

FIVE THINGS

The Venture Capital Trust (VCT) sector raised £402.5m in 2012/13, up 22% on the previous tax year, according to data published by the Association of Investment Companies (AIC).

The board of the £156m Henderson Global trust, managed by Brian O'Neill, is proposing to change its benchmark to reduce its hefty exposure to UK equities.

Morningstar has named the ten most popular investment trusts investors paid close attention to during Q1.

J.P. Morgan (JPM) Asset Management is adding to its 21 strong range of investment companies with the launch of a Global Convertibles Income trust.