Trusts beat open-ended funds over last decade as RDR pressure builds

The latest figures are likely to add fuel to the fire for campaigners pushing for more advisers to consider closed-ended vehicles post-RDR. A report from broker Collins Stewart found investment trusts have outperformed their open-ended counterparts across the vast majority of equity markets. In total, eight of the nine directly comparable regional sectors outperformed on a ten-year view, with only the Japanese sector lagging. On a NAV total returns basis (see table) the biggest outperformer was the global emerging market sector which returned 455.6%, compared to an average return of 3...