If you're looking for some cheap small-cap exposure for your portfolio, you are likely to be having a tough time as a number of quality investment trusts are trading on premiums.
- Wide discount
- Strong long-term track record
- Reasonable TER
- Key manager has been on a sabbatical
- Uses complex derivatives
BlackRock Throgmorton Trust (THRG) has a strong long-term performance record but has suffered recently, causing it to trade on a wide discount. If you're planning on holding it for the long term, we think now could be a good time to buy.