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IFPT has appointed new managers but the board is still considering a merger with another trust.
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Since the turn of the year, the defensive healthcare and biotech funds have given solid returns.
Fund raising for investment trusts deteriorated in June as market conditions made IPOs tough.
Schroders has delayed the launch of the Opus Commodity Fund, a Guernsey-domiciled investment trust.
Laxey has lost its bid to force changes at the UK’s largest investment trust.
SVM AM is encouraging shareholders in its UK Active trust to reinvest in the firm’s UK Growth Fund.
Aberdeen AM to list its first emerging market smaller companies trust on the London Stock Exchange.
Stephen Peak is to be replaced by Ollie Beckett as manager of the Henderson European Growth Trust.
