Foreword
Investment trusts have been the City’s best-kept secret. They perform better and are cheaper than the unit trusts and open-ended investment companies (OEICs) that dominate the nation’s investment and savings market. Yet many private investors, charities and smaller pension funds are simply unaware of them.
This is going to change. The introduction of the Retail Distribution Review at the beginning of 2013, and other changes to financial regulation, will be one catalyst. Others will include far greater awareness of investment trusts’ many advantages. The secret is about to be let out of the bag and investment trusts are about to have their day in the sun.
Investors need to be ready to benefit. The Financial Times Guide to Investment Trusts ...
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