North American trusts on widest discounts across the industry

In a study on how the discount of the average investment company has changed in 2022, the AIC found that at the end of last year the average investment trust was running on a 3.6% discount and as of 18 November, this has widened to 14.3%. Anthony Leatham, head of investment companies research at Peel Hunt, said inflation and rising interest rates have caused a "broad rebasing of expectations across a number of sectors". Although North American trusts are currently on the biggest discount, it has not experienced the largest widening, as that title rests with the Biotechnology & Healthc...