Welcome to issue 42 of your free investment trust e-zine!
This month's edition contains three essential features.
Emerging markets are among the stand-out performers this year, with returns that have far outstripped developed markets. However, they remain cheap relative to their own history and to the UK and US. We ask the experts for their top five picks among emerging market investment trusts.
Sam Isaly has grown investors’ money 31 times since the inception of Worldwide Healthcare Trust in 1995. He is no stranger to the healthcare system, having been paralysed in his teens, and has notched up almost 50 years’ experience in healthcare investing since then. Although he concedes it is getting tougher to find winners, he reveals what he thinks the next big medical breakthrough will be.
Peer-to-peer loan funds
Listed peer-to-peer (P2P) and direct lending funds have proved popular since they first launched in 2014. However, while some today trade on lofty premiums to their net asset value, others are on double-digit discounts. In the second part of our series on specialist trusts for income-hungry investors, we look under the bonnet of P2P trusts.