Investment Trust Stars

This year has been a tumultuous year for markets and the investment trust sector has not escaped the action. After three years of strong demand supporting discount tightening, 2016 saw discounts to net asset value (NAV) go back out at the start of the year due to concerns over China, then over the forthcoming referendum on the European Union (EU), and after it as markets and currencies tanked. However, since then there has been a tightening of investment trust discounts as investors have calmed and the UK market has enjoyed a rally.

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