Three investment trusts you can trust

Professional investors Nick Greenwood and Charlotte Cuthbertson of Miton Global Opportunities pick three of their favourite investment trusts to buy now.

Miton Global Opportunities seeks to find pricing anomalies and special situations within the investment trust market. We hope to buy good assets for as little as seventy pence in the pound. Investment trust shares are openly traded on the stockmarket and change hands at a level decided by the balance of supply and demand, not by the official valuation of the underlying portfolio, the net asset value (NAV).

Recent market turmoil has caused some investment trust discounts to NAV to widen to an extent not seen since the financial crisis of 2008. The wheat has yet to be sorted from the chaff following the sell-off and this has created some excellent deep-value opportunities. We often say we can buy a pound’s worth of assets for as little as seventy pence; in recent weeks we have had opportunities to buy into trusts on even bigger discounts to NAV.

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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.