The decision made by the Edinburgh investment trust board to oust manager Mark Barnett following a period of prolonged underperformance came as "little surprise" and is a "welcome move", according to several investment trust professionals.
However, the board's decision to appoint Majedie Asset Management (MAM's) CIO James de Uphaugh has been called "underwhelming" by some, while others have warned his value investment style bears a close...
To list on 1 December
Filter and compare investment companies
Main barriers revealed
'Alarming' performance differential
Follows extended period of underperformance
Completion in 3 minutes
Retail investors set to be restricted initially
The fact that emotions can so significantly impact investment decisions means the issue is becoming ever more important for advisers