Most listed companies don't have a fixed lifespan essentially they're intended to carry on trading until they go bust or are taken over. Hence many successful companies have been around for decades or even longer: US utility Consolidated Edison has been listed on the New York Stock Exchange since 1824. However, listed investment companies also known as investment trusts or closed-end funds may be different.
These are companies whose business is to invest in stocks and other securities rather than carrying on a business. So it may be in shareholders' best interests if these companies wind up once their investments mature, or if they are persistently underperforming the market.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
What is Rachel Reeves’s plan for growth?The UK’s modern industrial strategy was published this week. How does chancellor Rachel Reeves hope it will grow the UK economy, and how successful will it be?
-
The best cities to live in for quality of life, salary and rentThe best city to live in is difficult to determine, but using myriad measurements it looks like it is certainly not London or New York. We find out what it is.
