Moves to restore consumer confidence in long term savings have been welcomed by the Association of Investment Trust companies (AITC).
Investment trust managers in the global growth sector are looking to private equity, hedge funds and emerging markets to provide better opportunities than expensive assets in the US, UK and Europe.
Changes to the way calculations of net asset values are performed by the Association of Investment Trust Companies (AITC) are expected to reduced share price to net asset value discounts by an average of 1%, the Association says.
The Association of Investment Trust Companies today reports sales of funds through ISAs soared in the first quarter this year as investors returned to the sector in droves on the back of improving stock markets worldwide
Close Finsbury became the latest provider to take a stand on the issue of discount volatility this week when Nick Train, manager of its Growth and Income investment trust fund, announced a commitment to supporting a minimum price for investors looking...
Six of the UK's most important financial services institutions - including the Association of IFAs - have this morning published their own "Budget" report aimed at encouraging people into long and short-term savings.
The FSA's decision to give two weeks' grace period to providers of split capital investment trusts will be scant consolation to the individuals it identifies as having mis-sold products to consumers, according to the view of Daniel Godfrey, director general...