Exploring the world of investment trusts
I’ve always had a soft spot for investing in smaller companies, aka small caps. It’s what many private investors cut their teeth on. What’s more, there’s decent evidence that such companies outperform the wider market. This phenomenon has even got a catchy moniker: the small-cap effect.
Smithson Investment Trust more than doubles the amount it is looking to raise from £250m to £600m. And it could increase further to over £1bn.
Smithson Investment Trust, the new small and mid-cap fund from Fundsmith, is likely to be the most popular launch this year.
Fundsmith announces a new small-cap investment trust, Smithson, that will begin trading on 19th October. Here are my quick thoughts.
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