Fund giants go for Pacific holdings and rate US overvalued

With the Isa season drawing to an end, Investment Week's sister publication Investor's Week conducted a survey of the positioning of five of the larger global generalist investment trusts available to retail investors. Together, the £1.651bn Alliance, the £1.636m Witan, the £1.153bn Scottish, £1.441bn Scottish Mortgage and giant £2.549bn Foreign & Colonial investment trusts dominate their global growth sector as the only five £1bn-plus companies. Their combined £8.43bn represents nearly two-thirds of the £13.126bn of assets held in trusts in the sector as at 13 March, with the average s...