European equity investment trusts appear to be some of the most heavily discounted, yet best-performing areas of the closed-ended market over five years, research shows.
Using data from The AIC and FE, Investment Week has found that the three best-performing sectors on double-digit discounts have been IT Country Specialist: Europe ex UK, IT European Smaller Companies and IT European Emerging Markets. Chris Salih, a member of the research team at FundCalibre, said: "Europe is an unloved sector and that is supported by the consistent outflows seen on the open-ended side in 2019, as well as the discounts on the IT side. "That said, it is a slight surprise the IT Country Specialist: Europe ex UK and European Smaller Companies sectors are both trading at d...
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