Bargains galore as discounts widen: the past 12 months have not been good to investment trusts. Shares are now valued at an average of 8 per cent below NAV, which is disheartening for investors but advantageous for new buyers
Article Abstract:
Investment trust prices are usually better value when markets fall or demand slows. They continue to offer good value for money as total expenses or often 0.5% or less. Demand was better than expected throughout the winter and there were 12 new investment trust launches in the last quarter of 1994, with BZW Commodities Trust, the most successful, raising 78 million pounds sterling. some groups including Fleming and Kleinwort Benson, have adopted indepently assessed risk ratings, but the Association of Investment Trust Companies (AITC) wants the PIA to recommend that all products are risk rated.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Hope yet for European privatization twins
Article Abstract:
Two funds specializing in European privatizations have not performed as well as expected, partly because mainland European governments did not sell of assets as cheaply as occurred in the UK. The funds are the Mercury European Privatization Investment Trust, and the Kleinwort European Privatization Investment Trust. Their performance was initially poor, but could improve for a number of reasons, such as better quality privatizations in 1996.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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The role of the board: investment trusts' boards of directors play a vital role. Who are they, what do they do, how often do they meet and how much are they paid?
Article Abstract:
Investment trust boards have the ability to alter the investment objectives of their trusts, or move them to other managers. They also set policy, ensure managers are competent and safeguard shareholder interests. Many investment trusts have five or six directors, often with an in house director, which ensures close communications. However others may not see the requirement for any in-house directors.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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