Why closed-ended funds are winning the RDR race

In spite of their enduring popularity with private investors and discretionary wealth managers alike, investment trusts have historically been largely ignored by independent financial advisers. With implementation of the Retail Distribution Review fast approaching, however, advisers should not be asking ‘why investment trusts?’ so much as ‘why not?’. As readers will be only too aware, from the start of 2013 advisers who wish to call themselves ‘independent’ will have a duty to consider the whole investment marketplace when choosing solutions for their clients. This means not just the ope...