Investors choosing cash

Investment trusts have retained less than half of investors' funds released during rollovers and restructures over the past two and a half years. Figures compiled by investment trust director and consultant Hamish Buchan show of the £3.56bn of shareholders' money involved in rollovers and restructures since March 2000, some £1.88bn, 52.7%, has been taken out of the investment trust sector altogether. Market watchers say the figures are partly symptomatic of the meltdown in the split-cap sector, where high gearing levels and general market weakness have made investors keen to get their h...