Investment trusts outperformed open-ended funds run by the same manager over a 10-year period three-quarters of the time, with the majority also costing less in management fees, research from AJ Bell has found.
AJ Bell found the trusts run by the same manager were cheaper than the open-ended funds in 60% of cases, with the average funds it looked at costing 0.97% versus a 0.91% fee on trusts. However, AJ Bell...
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