Investment trusts are currently offering cheap investment opportunities, according to JPMorgan Asset Management (JPMAM).
As a result of market volatility, discounts for investment trusts have widened and are providing investors with very attractive buying opportunities. Such wide discounts are not necessarily an indication of reduced underlying value but are more closely related to market sentiment. Discounts on some JPMAM own investment trust are currently at around 10pc to 15pc, despite the fact the underlying value of the investment trust is much higher. For example, JPM American investment trust is currently trading at a discount of around 9pc and a share price of around 633p, whilst the net asset valu...
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