Investment trusts fight for survival
This week Philippa Aylmer has examined a report from interactive investor on the survival rates of those old City favourites, investment trusts. Their study found that in the last 15 years, survival rates of some investment trusts have been as low as 33 per cent and that over half of investment trusts launched in 2004 are not around today. Further, of those launched in 2006, only 29 per cent are still in existence.
There are many reasons for this as outlined in the comments within the piece.
We also have research from Nucoro that finds that wealth managers are increasingly dismissing clients who have too few funds. Get digitised is their advice so all levels of client can be looked after.
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Managing Editor, Wealth Adviser
Companies in this issue
Association of Investment Companies
First Trust Advisors
Goldman Sachs Asset Management
Innovator Capital Management