Investment Trust Sales Hit Record High

NEWS YOU CAN USE: This month, Neil Woodford apologises, Nick Train makes his first new stock purchase in 2 years and M&G revamps a superfund

Emma Simon 28 September, 2017 | 12:12AM

It’s been a busy month in the fund management sector: with fund launches, fund manager departures, news of a trust wind-up, plus a revamp of a mega M&G fund.

Star fund managers were also in the news this month, with Neil Woodford apologising to investors, and Nick Train – manager of Finsbury Growth & Income Trust (FGT) – revealing his first new purchase for two years.

And despite the political headwinds, investors appear to remain upbeat, with news that sales of investment trusts reached an all-time high.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
City of London Ord338.02 GBP1.51
EdenTree Amity Sterling Bond B115.40 GBP0.00
Finsbury Growth & Income Ord845.13 GBP1.82
LF Woodford Equity Income C Sterling Acc12.53 GBP-0.16
M&G Global Themes GBP I Acc1,914.84 GBP-0.34
Neptune UK Mid Cap C Acc GBP1.18 GBP-1.86
Scottish Mortgage Ord940.05 GBP5.27
Witan Ord188.80 GBP1.95
Woodford Patient Capital Trust24.90 GBP1.22

About Author

Emma Simon

Emma Simon  is a financial journalist, specialising in investment and consumer issues, writing for

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