New figures comparing investment trusts and their open-ended counterparts reveal closed-ended funds significantly outperformed over longer time periods.
The data, produced for the Association of Investment Companies (AIC) by Canaccord Genuity, compares open- and closed-ended funds on a sector by sector basis. It showed that over ten years, closed-ended funds outperformed their open- ended peers in eight out of fourteen sectors, while over five years they achieved an almost clean sweep of outperformance in eleven out of the fourteen classifications. Revealed: Finalists for investment company of the year awards 2015 However, open-ended funds did considerably better than their closed-ended counterparts over one year, with outperforman...
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