A Busy Year for Investment Trusts

Morningstar CEF analysts have rated 52 investment trusts so far this year, and many more are in the pipeline

Jackie Beard, FCSI, 4 July, 2012 | 11:54AM
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In January, Morningstar fund analysts launched the Morningstar Analyst Ratings for Closed-end Funds. In the first six months of this year, we have rated 52 funds, but we’re not stopping there. Watch out for some of the rating reports that are in the pipeline, which will be released in the coming weeks. These include Edinburgh Investment Trust (EDIN), Finsbury Growth and Income (FGT), Edinburgh Dragon (EFM) and JPMorgan Claverhouse (JCH), to name but a few.

Just nine funds carry our Gold rating so far and on six we're Neutral—this rating is where we lack conviction in out- or under-performance over the long term. The reasons vary and are made clear in each report.

We've chosen funds for inclusion in our Ratings Service primarily according to their size and liquidity, but also where we are receiving the portfolio information we require and in the right format. You can read more about this in our report entitled Why Transparency Matters.

We want our coverage to be helpful to you, the investor. So please do take the time to tell us if you're looking for a report on a fund and it's not available. It may help our cause if it's a fund for which we're still trying to get portfolio holdings. More importantly, if we can cover it, it'll help you with your investment decision-making.

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Read Morningstar Research on investment trusts via our Latest Morningstar CEF Research page.

Learn more about investing in these closed-end fund vehicles in our Education Centre.

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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