How investment trusts can win a place on buy lists post-RDR

Gordon Humphries, the firm's head of investment trusts, said the sector should be placing greater emphasis on consolidation to persuade wealth managers and platforms to back investment companies. "The wealth management industry is increasingly growing in size, and the bigger a wealth manager becomes, the more sensitive it will be to size and liquidity when it comes to putting investment companies on buy lists," said Humphries. "Investment companies with assets at around the £50m mark are really going to struggle as ultimately they are too illiquid to trade, so wealth managers will not...