Title: The Financial Times Guide to Investment Trusts: Unlocking the City's Best Kept Secret
Abstract: 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
Publication Year: 2013
Publication Date: 2013-12-26
Language: en
Type: book
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