Investment trusts beat open-ended funds during Q1

  • Print
  • Comment

Source: Benzinga

The group’s latest quarterly review has found that 13 out of 15 investment trust sectors outperformed their open-ended investment company (Oeic) equivalents.

The best results were reported in the UK Small Cap and UK Growth sectors which outperformed their open-ended mirrors by 9.4% and 4.4%, respectively.

“For the small cap sector this is partly as a result of discounts tightening, although primarily as a result of superior NAV [net asset value] performance,” according to Winterflood.

Taken over the long term, the Japanese equities sector is the only one which fails to outperform its open-ended equivalent.

UK Growth and UK Growth & Income deliver the best outperformance over a period of ten years, with 6.3% and 6.2%, respectively.

Over this same period, the Japan investment trust sector finished 0.4% below the open-ended equivalent.

The best performing investment trust during the first quarter was the Baker Steel Resources investment trust, which delivered a total return of 49.2%, followed by the SVG Capital closed-end fund, with a total return of 40.5%.

The worst performing investment trust, according to Winterflood, was the Axa Property Trust, making a total loss of 14.1% during the first quarter.

  • Print
  • Comment

Daily Email Updates

If you enjoyed this article, sign up to receive the latest breaking news and analysis for your industry from Fund Web.

The Money Marketing CPD Centre

Time spent reading about technical or regulatory issues can build your annual CPD hours. Log and plan your annual CPD for free with The Money Marketing CPD Centre.



Have your say Edit my profile/screen name

You must sign in to make a comment

Fund Data



Poll

Following the Financial Services Consumer Panel’s damning report into fund charges what do you think the solution is?