Investment trusts come of age

We’ve long been fans of investment trusts at MoneyWeek. Up until very recently, investment trusts have spent much of their time being seen as a relatively obscure backwater investment, but there’s nothing particularly complicated or exotic about them.

The neglect stemmed partly from the split-capital trusts scandal at the turn of the millennium. But the real problem was more to do with the way that financial advisers (IFAs) have been compensated for selling funds in the past. In short, unit trusts (also known as open-ended funds) paid comission to IFAs, and investment trusts didn’t.

Thanks to the Retail [...]

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