HSBC highlights potential buys as discounts create opportunities

HSBC has put a number of investment trusts onto its list of potential buys as discounts have moved out to create attractive opportunities. The funds include JPMorgan Fleming Indian and JZ Equity, both of which stand at wide discounts to their net asset value. In the out-of-favour European sector Charter Pan European and Fidelity European Values both offer discount value. HSBC analyst Paul Locke said: 'While the discount on Charter Pan European has narrowed from its recent peak, we believe further tightening from these levels is appropriate. Reconstructed with an absence of its previousl...