Record Money Invested in Closed-end Funds

Global and UK Equity Income sectors were the most popular among advisers, as positive economic data in the developed world, and rising markets buoyed confidence

Emma Wall 10 July, 2014 | 3:28PM

Advisers poured investors’ money into closed-end funds in 2014, with investment during the first three months of the year bouncing 23% and hitting an all-time high of £107 million – up from £87 million in the similar period in 2013. This takes total assets under management in investment trusts to £115 billion.

The Global sector and UK Equity Income investment company sectors were the most popular among advisers, as positive economic data in the developed world, and rising markets buoyed confidence. It was not just investment trusts that felt the boost in investor confidence, as advisers traded more products than ever on adviser platforms in the first three months of the year.

Platforms including Transact, Alliance Trust Savings and Ascentric saw advisers make £22 billion worth of investment into all products – including open and closed-end funds – in the three months to the end of March, up from £20 billion in the previous quarter.

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About Author

Emma Wall  is former Senior International Editor for Morningstar

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