Market notes: why use investment trusts?

Editing the Investment Trusts Handbook, a new annual publication for fans of closed end companies (please try it - the e-book version is free to download!), has involved my sampling a good deal of analytical research and thinking about the reasons that investment trusts remain, by and large, the favoured vehicle of many of the smartest investors I know. Good risk-adjusted performance is one of the positive factors - and here are some of the best on that measure.

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