View the article online at http://citywire.co.uk/money/article/a883717
The Specials: 8 great, overlooked investment trusts
Underperforming 'special situation' trusts have got the message that, like Rudy in The Specials' hit song, they must straighten right out.
In the investment trust world the term ‘special situations’ refers to trusts that have gone through a period of poor performance and have either responded with corporate change or are under pressure to do so in order to improve investor returns.
They are - in the words of The Specials' 1979 hit 'A Message to You, Rudy' - being told to straighten right out.
Shares in ‘special situation’ trusts often trade well below their net asset value (NAV) so buying them when they are cheap and waiting for the hidden value to be unlocked can be a successful investment strategy. However, the risk is if that if change is not forthcoming investors can be trapped in dud investments.
This article in this month's Investment Trust Insider looks at what happened to 10 special situations we identified in 2014 and discovers eight more for 2016.
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- British Empire (Ordinary Share)
- Henderson Alt. Strategies (Ordinary Share)
- Monks (Ordinary Share)
- Aurora (Ordinary Share)
- Riverstone Energy (Ordinary Share)
- BlackRock World Mining Trust (Ordinary Share)
- Taliesin Property (split) (Ord Income)
- JPMorgan Private Equity (Split (Ord Income)
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