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On the Money
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Why investment trusts should trade at a discount

ANALYSIS: Unpacking why closed-end funds tend to trade below the value of their assets.

Investment trusts are worthy of consideration as a low-cost medium for accessing active management.

This week we continue with the investment trusts topic and focus on their tendency to trade at a discount to the value of their assets. Most investment trusts trade at discounts but, to paraphrase that song by the Smiths “some funds' discounts are bigger than other funds' discounts”. The

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Brent Sheather Sun, 04 Sep 2022
Contact the Writer: brent@cpam.co.nz
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Why investment trusts should trade at a discount
On the Money,
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