Iimia sees "buyers strike" on closed end funds

This is contributing to a "buyers strike", which is pushing discounts wider despite the increasing amounts of money being directed to the equity market. Greenwood believes IFA's unsure of "sending a message that might scare their clients" are therefore avoiding trusts for the time being. Because prices of closed end funds are determined solely by supply and demand of investors rather than the value of the underlying investments, the lack of buyers means prices have fallen. This is even hitting funds in the £1bn class, such as Witan, but Greenwood warns the opportunity to buy big, well...