Investment trusts could be labelled “complex” under Mifid II rules which could hit damage high retail participation in the market, the WMA warns.
The number of investment trusts reporting portfolio holdings on a monthly basis has more than quadrupled to 122 over the last two years.
The rotation from growth stocks to value hampered the performance of the £3.2bn Alliance Trust over the opening half of the year.
Property investment house Brandeaux has confirmed that it will list its stricken Brandeaux Student Accommodation fund on the stock market as it seeks to repay investors.
Net inflows boosted the firm’s AUM to £32.2bn over the quarter.
Property investment house Brandeaux is considering an initial public offering to create liquidity for its stricken £1bn Brandeaux Student Accommodation fund.
Research by Winterflood Investment Trusts says investment trusts will have to consider if independence will ultimately leave them “disadvantaged”.
Tim Mitchell joins from Investec Bank where he was co-head of investment companies.
On average, discounts for investment companies closed at 3.4 per cent in 2013.
Closed firm failed to gain material third party assets.
The investment company industry closed with an average 3.4 per cent discount in 2013, according to the Association of Investment Companies.
The restructure of the suspended EEA Life Settlements fund has been approved by the Guernsey financial regulator, which brings into sight a chance for investors to exit after two years.
Total purchase of investment companies in this period amounted to £241m.
Pzena Investment Management and Tweedy, Browne Company replace two of the trust’s long-standing US managers.
Third Plenum meeting in Beijing could be the catalyst for a change in stance.