Three investment trusts going cheap

Professional investor Nick Greenwood of selects three investment trusts that are trading at a discount to buy now.

Each week, a professional investor tells us where he'd put his money. This week: Nick Greenwood of Miton Global Opportunities selects three investment trusts trading at a discount.

The general malaise affecting emerging markets has created fantastic opportunities for investors to buy investment trusts that have fallen in price as a result of deteriorating sentiment among investors. India Capital Growth Fund (LSE: IGC), an India-focused trust that specialises in medium-sized companies, is one such opportunity. Investors often trade emerging markets as a block, failing to differentiate between the fundamentals within individual markets.

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Contributor

Investment trust manager, Nick Greenwood oversees the Premier Miton Worldwide Opportunities Fund. He began his career in private client stock broking and was a founder member of Christows stockbroking operation in 1991. He joined the Christows Investment Trust team setting up their London office in 1995 and became lead manager in November 1997. Nick subsequently joined Premier Miton. The LF Miton Worldwide Opportunities Fund was launched in April 2003 and was followed by the Miton Worldwide Growth Trust in 2004.