FTSE 250 reshuffle sees three trusts enter as Baillie Gifford US exits

All three trusts are trading on a premium. The £868m Merchants trust, run by Allianz Global Investors is on a 0.9% premium; the £1.8bn Supermarket Income REIT is on 18.15%; and the £909.1m Target Healthcare REIT is on 5.2%. Meanwhile, the £628.6m Baillie Gifford US Growth trust will exit the index. The trust has struggled recently with its share price down 48.8% in one year and is trading on a 17.1% discount, according to Morningstar.   Revealed: Investment trusts using borrowing to buy market lows All the changes will be implemented at close of business on 17 June and take effect ...