The investment company universe closed 2023 with overall positive performance despite a tumultuous year for the sector.
According to Numis, the investment trust universe saw its valuation rise by 10.4% during 2023, largely due to the success of 3i Group, although this figure falls to 4.6% once the largest trust is excluded. Although the sector closed the year in positive territory, Numis analysts Ewan Lovett-Turner and Andrew Rees noted investment trust performance was "well behind" US and global equity market indices. Interest rate expectations to shape the path for private markets in 2024 Investment trusts enjoyed an early ‘Santa rally' from October 2023, they stated, following drops in inflation ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
