Chairman says Brexit meant the trust’s equity holdings “gave up” the outperformance reported in the first five months of the year.
Gavin Manson will join in new role as trust undergoes shake-up.
AIC chief executive says trust structure allows managers to take a long-term view without having to deal with large scale redemptions.
Sell-off amounts to £12.4m in assets.
Aims to shift discount by adding income focus.
AIC hits the road to explain investment trust income strategies.
Analysis & Opinion
The methodology behind the Investment Adviser 100 Club 2016.
Investment trust membership has fallen, but still rival their open-ended counterparts in certain categories.
A mixture of investing in equities and some alternative assets for diversification, could offer growing income without consuming capital via an...
Ellie Duncan talks to JPMorgan Asset Management’s Jasper Berens about how the firm is evolving to stay ahead of a changing marketplace.
More on Investment Trusts
Jul 11, 2016
Took leave of absence due to ill health last year
Jul 06, 2016
Two thirds of London-listed investment trusts have seen their share price jump following the EU referendum result.
Jul 01, 2016
Company could face pressure to address discount.
Jun 24, 2016
It is in your best interests to challenge the independence of investment trusts’ boards.
Jun 23, 2016
Change to make the trust more competetive.
Jun 21, 2016
Simon Crinage cites 2016 sell-off and Brexit vote for ‘lull’ in new vehicle launches.
Jun 15, 2016
Rhys Davies has been deputy manager since 2014.
Jun 15, 2016
Investment trusts turn to unlisted shares, but are they too risky, asks Julia Faurschou.