Disclaimer
This is not substantive investment research or a research recommendation, as it does not constitute substantive research or analysis. This material should be considered as general market commentary.
Many investment trusts have an open-ended equivalent and, from time to time, we are asked whether there is an inherent advantage to the former when it comes to performance.
Arguably, a comparison of the two structures by a research team focused on investment trusts carries some risk of confirmation bias, but with our most ardent promise of a fair hearing, in this study we give it a go - analysing the performance of funds and trusts with global exposure during the most recent, tech-driven rally, further back too…
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