Smith and Williamson's James Burns has said that value is beginning to re-emerge in the investment trust sector, after discounts significantly narrowed at the end of last year.
Burns (pictured), who exclusively buys investment trusts for the Smith & Williamson MM Global Investment fund, said macroeconomic uncertainty is prompting discounts to widen again, after they narrowed to historic lows in 2014. Election fears drive UK trust discounts to twelve-month highs "There is now a bit more value in the trust sector than there has been in recent months. Discounts at the start of the year were at their tightest level since the seventies," he said. "Now there is a bit more market nervousness, which began before the election and now surrounds Greece and US int...
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