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Savers depending on income from investments have been hammered this year. Royal Mail reminded us how this week when it said that it is cutting its dividend, despite being on the way to record profits.
But there is a type of fund that has been keeping calm and quietly carrying on when it comes to income: investment trusts.
Investment trusts are companies that are listed on the stock market. Traditional funds that are not companies in their own right must create new “units” in the fund every time someone wants to invest, and cancel those units when someone wants to sell.
This means that the amount of capital a fund manager has at his disposal can fluctuate substantially. Investment trusts, however, have a finite number
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