Finding value among investment trusts is increasingly hard but in unpopular areas you can still find opportunities. These include New India Investment Trust (NII) which has moved out to a discount to net asset value (NAV) of more than 16 per cent, in contrast to its 12 month average of 13 per cent, and around double what it was when we tipped the trust in January 2012.
IC TIP:
Buy
at
205p
Tip style
Growth
Risk rating
High
Timescale
Long Term
Bull points
- Wide discount to NAV
- Good performance record
- Assets at attractive valuation
- India potential
- Good managers
Bear points
- Volatility
- Emerging markets risk
IC TIP RATING