Top trusts that offer growth at a discount

Professional investor Alastair Laing picks three trusts where he'd put his money

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Capital Gearing Trust is an investment company focused on capital preservation, seeking to grow shareholders’ real wealth through a diversified portfolio of bonds, equities and a little gold. Since 2000, the company’s net asset value (NAV) per share has grown at an annualised pace of 8.3% with low volatility and limited drawdowns. 

A significant portion of our equity holdings consists of other investment trusts, which naturally raises the question of why an investment trust invests in other investment trusts. Who is the poacher and who is the gamekeeper in this arrangement? 

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Alastair Laing is co-manager of the Capital Gearing Trust