We look at investment trusts trading at a greater discount or premium to NAV versus their 12-month average
A key point of difference for investment trusts compared with other types of fund is they often trade at a premium or discount to the valuation of the assets they hold. A particularly interesting situation to keep tabs on is where relationship between the share price and the net asset value of a trust is significantly out of kilter with its longer-term average. SCREENING THE UNIVERSE Using data from...