This is the second time we have met the team. They took over the trust in 2014 and my concern when we first reviewed this was whether it added any value. The investment trust does not directly invest in shares but invests in other emerging market funds and investments trusts. Some of these might not be available in the UK.
The argument for selecting this is that rather than to trying to find the best active managers this fund will do that for you. It aims to provide a diversified portfolio with access to the best in breed fund managers. Currently the trust is underweight Asia and overweight Russia and India. The fund has a value tilt, looking at markets which might be unloved but where there is a gap between perception and reality….read more