You should definitely consider holding some investment trusts in your individual savings account (Isa) portfolio. These can give you the opportunity to buy into assets at a discount while their structure, which means they don't have constant inflow and outflows of money, can make them better suited for investing in illiquid areas than open-ended funds. Being listed means they are arguably more transparent than open-ended funds as they have to file regular reports to the market, although the standards of this vary from trust to trust.
So as well as giving you actively managed exposure to core areas, sometimes for a good price, you can also introduce some unusual assets to your portfolio to diversify the mix.
Investors who are not familiar with these types of funds can read our guide to investments trusts.
Below are some fund suggestions from investment trust analysts focused on five areas: growth, income, wealth preservation and diversification, plus a contrarian bet.
GROWTH
29. Stephen Peters, investment trust analyst, Charles Stanley: