A new trend towards open architecture is set to sweep through the investment trust sector, says the Association of Investment Trust Companies.
It believes increasing numbers of investment trusts will change their structures in a bid to become more competitive.
Communications director Annabel Brodie-Smith thinks firms will move to an open architecture structure that allows clients to have access to one investment trust with separate product providers and fund managers interacting within it.
The £1.3bn Witan trust announced its new open architecture structure this week.
Brodie-Smith says: “I think this is a very innovative move. There is going to be a lot of attention on its performance and gradually a shift towards more open architecture trusts. It is the start of a new trend.”