The vehicles had always been seen as strong performers, with returns regularly outstripping those of more popular unit trusts, but a perceived complexity and lack of remuneration meant few advisers were willing to embrace them.
However, as the new regulatory regime has removed the commission barrier, and placed an onus on advisers to be able to demonstrate that they are covering the whole market. As such, a boon in investment trusts’ popularity was widely anticipated, but to what extent has this actually happened in reality?
In the first of a regular series of Money Management Intelligence, we surveyed our adviser readers to assess adviser attitudes to the closed-ended vehicles and gauge how those attitudes are shifting.
Our findings are further supported by commentary from the AIC.