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BT Alex Brown warns investment trust industry about performance

BT Alex Brown is warning the investment trust industry that six problems identified almost ten years ago in 1989 continue to dog its performance.


The report found that investment trusts have underperformed the FTSE All-Share Index by 25 per cent since 1994.


The six problems are lack of government interest, lack of importance attached to management groups, an image problem, lack of a level playing field, unpreparedness for a single currency and continued corporate aggression.


Bankers Trust says that there are solutions to the sector&#39s problems but they require new attitudes and a willingness within the industry to embrace change.

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