Whilst they can be strong longterm performers, it is important that you chose the investment trust that's appropriate for you.
The Association of Investment Trust Companies (AITC) produces a range of statistics and fact sheets on investment trusts, along with a free magazine, its the news, which explains about investment trusts, their benefits, and lists all member companies of the AITC.
ukAnswer these questions1pounds 1,000 invested 10 years ago in the average investment trust would now be worth: a) pounds 2,325 b) pounds 2,569 c) pounds 4,6002The Association of Investment Trust Companies' magazine is called: a) its for investment trusts b) its for the future c) its the news3By investing in 50 or more companies on your behalf, investment trusts spread your investment risk so that: a) You are not putting all your eggs in one basket.
The type of investment trust you choose depends on the level of risk you are prepared to tolerate.
Which is a great pity, because for those in on the secret investment trusts can be a great place for your money.
Like unit trusts, investment trusts are pooled investments in which managers take money from contributors and invest in a range of shares.
So far, investment trust management companies have been exempted from this ban only when they sell investment trusts dealing solely in Japanese stocks and bonds.
Banks will move into this field in December, when the government is to abolish a regulation barring them from selling investment trusts at their branches.