Funds & ETFs 

When it's OK to pay

When it's OK to pay

One of the main differences between an investment trust and an open-ended fund is the fact that the former are listed on the stock market, so have in effect two values: that of the assets they hold - the net asset value (NAV) - and the share price. And the value of the assets and the share price seldom are the same, so many investment trusts trade at a discount to NAV.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now