Not having to worry about potential inflows and outflows of money means investment trusts, unlike open-ended funds, can take a long-term view on investments. This works well in Isas as their tax efficiency makes them a good wrapper in which to build up investments over the long term.
Not having to deal with inflows and outflows also means investment trusts can be better for investing in illiquid investments such as commercial property and private equity. So as well as using them for actively managed exposure to core areas, you could also use them to introduce some unusual assets to help diversify your portfolio.
Below are 10 suggestions from investment trust analysts for getting growth, income, wealth preservation, diversification and contrarian opportunities.