By Matteo Anelli, Senior reporter, Trustnet, 07 March 2024:
Premiums are rare in the investment trusts industry, which suffers from chronic discounts, but there are still some trusts that have caught investors’ eyes and garnered traction over the past five years, according to data from QuotedData.
Earlier this morning, we looked at the trusts that are trading at their widest discounts compared to their five-year average. Now, we do the same for premiums.
Starting with equity trusts, the first portfolio is exceptionally expensive – JPMorgan Emerging Europe, Middle East & Africa (formerly JPMorgan Russian Securities) has been on an average five-year premium of 41.4% which has recently steepened to reach an eye-watering 172.3%. Yet five years ago, it traded on an 11.3% discount.
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