Investors using direct to consumer platforms are now among the largest shareholders in investment trusts, as a post-Retail Distribution Review (RDR) revival for the sector gets underway.
Three leading investment trust houses have said D2C platforms are becoming an increasingly popular route through which investors can access closed-ended funds. Simon Cordery, head of investor relations at F&C Investments, said the company has seen rapid growth in the proportion of stock held by these platforms. Singling out Hargreaves Lansdown, he said: “Three years ago, Hargreaves Lansdown was a top five shareholder on one trust. But its holding in all our trusts has grown over the past three years, with a notable pick-up in demand during 2013 and 2014 following the implementation of...
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