US EditionInvestment trusts: Time to take the bull by the horns
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Investment trusts: Time to take the bull by the horns
Investment trusts have had a tough time attracting buyers in recent years, while widespread selling has stretched the average discount to 14% as of February. This lack of appetite has been largely pinned on economic volatility, but after multiple years of turbulence, boards cannot wait around for the market environment to improve – they need to create demand themselves, according to Peter Hewitt, manager of Columbia Threadneedle’s Global Managed…
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