As a result, the narrative is they are pulling back from investing in investment trusts, and this is part of the reason that discounts have widened so dramatically across the sector.
Consolidation means wealth managers are becoming ever bigger, with last year’s merger of Rathbones and Investec Wealth & Investment UK creating a £100bn+ behemoth.
Four Graphs explaining the investment trusts worth buying
Assets under management of this scale cause challenges for wealth managers looking to invest in investment trusts, particularly those trusts at the smaller end of the market cap spect…
Read the full article here
