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.
We look at the fundamental reason behind investment trust discounts and identify structural issues within the investment trust market that might help explain some of those discounts. We look at several sectors where discounts may be as much to do with those structural issues as they are do with investor sentiment, and consider whether those discounts might unwind over time.
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