Investment Trusts 

FX dents Pantheon International's returns

FX dents Pantheon International's returns

Pantheon International's (PIN) discount to net asset value (NAV) has been on a tightening trend over the past year and, at about 13 per cent, is tight relative to its own history. Part of the reason for this may be because the trust consolidated its redeemable share class with its ordinary share class in November last year, increasing its market cap from around £600m to its current size of £1bn.

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