Investment Trusts

The Association of Investment Companies (AIC) has named the top 20 performing and most consistent investment companies over the past decade.

FIVE THINGS

The Venture Capital Trust (VCT) sector raised £402.5m in 2012/13, up 22% on the previous tax year, according to data published by the Association of Investment Companies (AIC).

The board of the £156m Henderson Global trust, managed by Brian O'Neill, is proposing to change its benchmark to reduce its hefty exposure to UK equities.

Morningstar has named the ten most popular investment trusts investors paid close attention to during Q1.

J.P. Morgan (JPM) Asset Management is adding to its 21 strong range of investment companies with the launch of a Global Convertibles Income trust.

FIVE THINGS

The annual management charge on Anthony Bolton's Fidelity China Special Situations investment trust will be cut from 1.5% to 1.2% from 1 April 2013.

Baillie Gifford has cut the annual management charge across its specialist investment trust range, including Sarah Whitley's top-performing £169m Japanese investment trust.

LATIN AMERICA