Investment trusts: 'Who are the dinosaurs now?'

"Fuddy duddy vehicles doomed to die like dinosaurs" is a famous quote spoken by a famous person describing the investment trust industry. For a sector apparently on the edge of extinction five or so years ago, trusts remain in remarkably robust health today.  The Retail Distribution Review (RDR) may not have been immediately life changing but it has proved life enhancing. Its much vaunted levelling of the playing field has turned out to be something of a mixed blessing. On the plus side, investment trusts are getting more airtime and are becoming more central to the investment debate....