Investment trust managers stay with their portfolios for longer than their unit trust counterparts....
Investment trust managers stay with their portfolios for longer than their unit trust counterparts. This was the conclusion of research in the latest UK Fund Industry Review and Directory. Of the 406 managers in the investment trust sector, 8.37% have stayed managing the portfolio for five years, compared to 5.24% of the 2,120 unit trust and Oeic managers. The staying power of unit trust managers looks slightly better over three years with 14.91%, or 316 managers, sticking with the fund over this time, compared to 12.07%, or 49 managers, in the investment trust sector. The longest ser...
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