Investment Trusts

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.

FIVE THINGS

The annual management charge on Anthony Bolton's Fidelity China Special Situations investment trust will be cut from 1.5% to 1.2% from 1 April 2013.

Baillie Gifford has cut the annual management charge across its specialist investment trust range, including Sarah Whitley's top-performing £169m Japanese investment trust.

LATIN AMERICA

Most investment company directors think the Retail Distribution Review (RDR) will be positive for the sector, a poll suggests.

Consumers are waking up to the follies of making knee-jerk investment calls as they become aware of opportunities missed and the returns they could have achieved in the four years since the 2008 financial crisis, according to one adviser.

Platforms are questioning whether delays among the 'big three' propositions in listing investment trusts (ITs) may be compromising the independent status of the advisers who use them.