Advisers crucial to future of investment trusts-JPMorgan

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Over a third (35%) of investment company directors say advisers are fundamental to developing a larger retail shareholder base for investment trusts, suggests a survey by JPMorgan.

Around half also say advisers' lack of focus on investment trusts is the biggest hurdle to increasing investor uptake. Issues such as commission and fee structures and discount issues followed with 29% and 17% respectively. A huge 94% of respondents say greater mainstream retail distribution is critical to the future health of investment trusts. David Barron, head of investment trusts at J.P. Morgan Asset Management, says: "The shift in focus to mainstream financial advisers and online channels, such as fund supermarkets, has demonstrated a changing attitude in the sector. "The ...

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