investment trust

Open-ended property funds are a ‘recipe for disaster’

One of the big lessons for fund investors over recent years has been that open-ended property funds are not fit for purpose, points out Tom Becket, chief investment officer at Punter Southall Wealth.

In the podcast below, Becket explains why he would never invest in an open-ended property fund, on the grounds that the structure is not suitable for retail investors.

Under pressure: three investment trust managers feeling the heat

The ‘vote of confidence’ is something that is dreaded by football managers, as it more often than not marks the beginning of the end.

Unlike the owners of football clubs, investment trust boards are not in the business of making contradictory statements; they are much franker when performance is not living up to expectations.