Trust in us: it's not a wind-up
Article Abstract:
The share price of investment trusts is a function of the Stock Exchange, rather than of the value of the assets the trust owns. Shareholders with more than 5% of a trust can present a motion to wind it up at its annual general meeting. Many institutional investors in the UK are pulling out of investment trusts, investing directly into the same assets through their own fund managers. There is now an excess of supply over demand for some forms of investment trust share, with prices falling and discounts widening.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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Assessing a risky business
Article Abstract:
Investment risk is most commonly assessed on the basis of the relative volatility of a fund against a particular yardstick. Performance can be assessed in relation to same-sector funds, to a share index such as the FTSE 100 or to a performance benchmark. The value of volatility ratings is partly determined by the similarity of the funds classed together into an investment category. Assessing volatility alone does not give a reliable insight into the likely performance of a sector.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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