James Budden of Baillie Gifford says the RDR may see closed-ended funds in guided architecture and on fund recommendation lists alongside open-ended funds.
It should have happened years ago. They have so much in common, being collective funds, on the whole aimed at retail investment. But somehow investment trusts and unit trusts have been seen as completely different with unit trusts filling the mainstream and investment trusts sitting in the margins. Blame the media! It is not all their fault, yet the inability of fund performance companies to bring together the industry in a way that both approaches may be compared and rated together has hindered the appreciation of investment trusts’ superior returns to shareholders. In addition, trad...
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