Discounts in the investment trust sector in late October reached their widest point since the Black ...
Discounts in the investment trust sector in late October reached their widest point since the Black Monday equity crash of 1987. Iimia head of investment trusts Nick Greenwood said as a result, the investment trust sector has started to attract opportunistic and strategic investors. He added it is unsurprising shrewd buying is showing up in exchange announcements. In particular, Deutsche Bank AG has built up significant holdings in 11 ranges of trusts that were standing on unsustainably wide discounts at the time of purchase ' above 40% in five cases. Greenwood believes the majority o...
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