The Big Theme 

Does your investment trust have skin in the game?

Does your investment trust have skin in the game?

Investment trusts are companies listed on the stock market so have a board of directors. These fulfil a number of functions relating to the running of the trust, including appointing and dismissing the trust's investment manager, and setting its level of fees. Boards are also responsible for deciding whether to buy back or issue shares to control discounts or premiums to net asset value (NAV), and they decide how much debt (gearing) a trust can have.

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