Baillie Gifford’s newest investment trust, Keystone Positive Change, got off to a volatile start earlier this year but its managers have their eyes fixed firmly on the long term.
Exploring the world of investment trusts
Baillie Gifford’s newest investment trust, Keystone Positive Change, got off to a volatile start earlier this year but its managers have their eyes fixed firmly on the long term.
Acorn Income Fund, one of my UK smaller company trusts, could be set for a major shake-up later this year after its directors announced a strategic review.
Possibly the hardest decision the directors of an investment trust have to make is when to change management firm.
After 16 years of beating his benchmark every single year, Mike Prentis is to step down as the lead manager of BlackRock Smaller Companies. His successor has big shoes to fill!
One thing that stirs me from my slumber when it comes to my investment trust portfolio is when there is a change of manager. It doesn’t happen very often, and it typically doesn’t require evasive action, but it does mean that I tend to watch events a little more closely.
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