Investment Trusts 

Trusting in fast-growing unlisteds

Trusting in fast-growing unlisteds

Bells rung on recent high-profile initial public offerings (IPOs) have turned out to be a death knoll for investors’ hopes, with companies such as Aston Martin Lagoda (AML) and Funding Circle (FCH) seriously disappointing. Not all listings go badly, but too often it seems companies go public to create a windfall for existing stakeholders, rather than genuinely to raise money for expansion.

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