Now is the moment of truth for the investment trust industry. It is not about the future of the 'its...
Now is the moment of truth for the investment trust industry. It is not about the future of the 'its' campaign or the PR implications of aggressive new economy split caps having to hand money back to banks as their asset bases crumble. It is about whether investment trusts will be able to outperform unit trusts going forward. One of the great claims of the investment trust industry is that in a falling market managers of closed end funds do not have to dump their best stock to meet redemptions. There are unit trust investors who remember their funds failing to spring back to life as...
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