Canaccord Genuity has recommended a number of closed-ended vehicles which investors should reconsider, including a handful still sitting on a premium.
The wealth manager's research team identified trusts such as Murray International and the Ruffer Investment Company as a ‘buy', Murray International, which has a £1bn market capitalisation and is run by Aberdeen's Bruce Stout, has traded on a 6.3% average premium over the last twelve months, according to Winterflood. The Canaccord team noted this was largely due to historic performance and there has been significant downward pressures over the last month. It currently trades on a premium of 1.8% (as at 27 August). "Given current sentiment and supply/demand dynamics, we see further ...
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