John Baron's Investment Trust Portfolio 

Diversification – different this time?

Diversification – different this time?

Last month’s column (‘Cash in hand’, 6 April 2018) highlighted that the key reason the portfolios’ cash levels were higher than normal was because value among investment trusts was harder to find. That while a combination of important metrics made for insightful assessment, discounts remained a key determinant of value and these had narrowed considerably in recent years. Generic issues, such as these companies’ increased popularity, may have been a factor, but this did not negate the need for a modicum of caution.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now