Friday Briefing: The investment trust sector is having its watershed moment

In an in-depth analysis carried out by our own Valeria Martinez this week, she highlighted just how bad the discounts have become, touching levels last seen during the 2008 global crisis. It was just as bad back in the summer, when I found that 91% of investment trusts ended H1 on a discount. There are varying factors driving this, but it is mainly the same macroeconomic headwinds of rising rates and inflation, which are also dragging down the lion's share of equity markets. Wait, the central banks did what was expected for once Pre-pandemic, the chance to snag some of the top i...