This concentrated portfolio of great businesses purchased at attractive prices gives investors a big margin of safety
Aurora Investment Trust (ARR) 243p Market cap: £185.3 million Investors seeking a value-oriented fund focused on avoiding permanent capital losses first and foremost, while offering exposure to the improving consumer outlook among other themes, should buy Aurora Investment Trust (ARR) . Managed by long-term value investment firm Phoenix, the dividend-paying trust’s 10.2% discount to NAV (net asset value) offers a compelling opportunity to access Phoenix’s strategy of investing in...