The mandate of an open-ended fund is clear from its name, but the same cannot be said of the investment trust space. In a world of tough competition, this could be deterring potential investors, writes Stephen Peters, investment trust analyst at Charles Stanley.
What’s in a name? When thinking about investment trusts, quite a lot. The history of the sector is rooted the 1800s. On the day the Foreign and Colonial Investment Trust was launched in 1868, James Faherty was publicly hanged outside Newgate Gaol in the City of London. The world had not yet witnessed the birth of the telephone, motor car or light bulb. The first mutual fund was still over 50 years away from being invented in the US. It is an appealing quirk that the likes of British Empire or Bankers were so named, and even more that they remain known by these names today. At the time, t...
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
