Investment trusts risks

Investment trusts are more risky in terms of their volatility than unit trusts, according to Premier Fund Managers. The group has published a series of risk tables which grade all the major investment categories from one to 10 in terms of annual volatility over the past 10 years, with one being the least risky. The average investment trust appears in risk category seven while the average unit trust appears in risk category four. Jonathan Fry, managing director of Premier Fund Managers, said: "As one would expect, at one end of the scale you have cash, gilts and bonds, all relatively low r...