Baillie Gifford

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Investment trusts: 'Who are the dinosaurs now?'

Scotland's £800bn fund management industry has begun to step up contingency plans in the event the country's populace votes for independence this September.

Fund buyers have flagged the possibility of the country's largest emerging market equity funds reopening after outflows and market falls prompted a sharp drop in assets.

Thanks to investors hungry for better returns, high yield bonds have performed strongly over the last year. More and more companies are issuing corporate bonds in that space. But how long can the good times last?

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IFAonline's sister title Investment Week's Investment Company of the Year Awards 2013 were held last night in London, rewarding the top talent within the closed-ended fund space.

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