The Financial times guide to investment trusts : unlocking the City's best kept secret
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Bibliographic Information
The Financial times guide to investment trusts : unlocking the City's best kept secret
（FT guides）
Pearson Education, 2013
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Investment trusts : unlocking the City's best kept secret
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Note
Includes bibliographical references (p. [127] -128) and index
Description and Table of Contents
Description
A comprehensive and practical guide to investment trusts. These investment vehicles have been underused by investors in the past, but that is set to change now that the Retail Distribution Review has banned commissions and put investment trusts on a level playing field. The book explains what investment trusts are and focuses on how to construct and run a trust portfolio. It offers investors, both experienced and novice, a concise and jargon free guide to these lucrative investment vehicles.
Table of Contents
Foreword
Introduction: The changing landscape
Chapter 1: Structure and scope
* What are investment trusts?
* Net asset value (NAV)
* Discounts and premiums
* Price and size
* Range and reach
Chapter 2: Better performance
* Share prices
* NAV comparison
* Clear message
* The strange case of 'Mirror funds'
Chapter3: Cheaper Fees
* Charges compared
* Effect on returns
* Lessons from America
* The TER and more
Chapter 4: Discount opportunities
* Their importance
* Factors affecting
* Judging opportunities
* The long term
Chapter 5: Other advantages
* Gearing
* Board of Directors
* Shareholder power
* Long term investing
* Marketability
* Dividends
* Capital changes
Chapter 6: The disadvantages
* Unhelpful gearing
* Widening discounts
* Poor liquidity
* Rising fees
* The result!
Chapter 7: Useful miscellany
* Directors' shareholdings
* Report & Accounts
* Doing the splits
* ETFs and trackers
* Portfolio turnover
Chapter 8: Investment objectives
* Risk tolerances
* Income requirements
* Time horizons
* Currency and other considerations
* Choosing a benchmark
Chapter 9: Successful investing
* Getting started
* Staying invested
* Diversification
* Importance of dividends
* Some other secrets!
Chapter 10: Portfolio construction
* The Investors Chronicle portfolios
* Balancing capital and income
* Themes and geography
* Risk and reward
* Some golden rules
Conclusion
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