Generalist investment trust funds adapting to new times says Iimia's Greenwood

Some funds, such as the Scottish American and Edinburgh Worldwide have already seen the light in terms of what generalist trusts can offer investors, and have “changed their spots”, Greenwood – manager of Iimia’s investment trust of investment trusts - says. Two reasons are driving change: these generalists by their nature do not require the “protection” of a closed ended structure, while the “typical shareholder” is now looking for something different. ”A closet tracker of global equities is not what they want. An absolute return from a highly diversified list of asset classes is mo...