AITC director general Daniel Godfrey says he remains "aggressively positive" about the role of invest...
AITC director general Daniel Godfrey says he remains "aggressively positive" about the role of investment trusts in investors' portfolios despite the pressure on the industry because of gearing levels coupled with a rapidly falling market in recent weeks. "Investment trusts will probably perform better than a unit trust over time, but you are likely to have a bumpier ride, although that is not true of all investment trusts or unit trusts, nor is it true at all times." Godrey said at a meet-the-press meeting at AITC headquarters in the City. He added that holders of shares in highly...
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