Investment Trust Discounts Fall
Published / Last Updated on 03/07/2008
Investment Trust Discounts Fall
Figures from the Association of Investment Companies (AIC) have shown, the average investment trust discount has narrowed from 20.6 per cent to 8.5 per cent since the beginning of 2008 despite market volatility.
The AIC said the specialist Commodities and Natural Resources peer group had been the best performer over the year to 30 April, up by 31 per cent. The second best-performing sector was Global Emerging Markets, up by 24 per cent, while the third and fourth best-performing sectors were Europe and Infrastructure, which were both up 13 per cent.
Our view
The worst-performing sector was Financials, down 25 per cent. However, the sector’s long-term strengths is diversified risk, for reward. Some Investment Trusts have done exceptionally well.
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