ITs target wider market as RDR approaches

The past few months have provided welcome respite for beleaguered equity investors as markets have seemingly moved back into risk-on mode and staged an impressive recovery. Whether this proves to be a fleeting bear market bounce or heralds a brighter future remains to be seen. Reference to the year-to-date performance of the sub-sectors of the investment trust sector may provide some encouragement to the bulls as the best returns have been achieved by UK smaller companies trusts, which often lead in the early stages of recovery. On average, these have registered a share price gain of ...