by Sam Benstead from interactive investor, 3rd April 2024:
With just days to go before the 6 April ISA deadline, after which the £20,000 allowance restarts, there is still time to add some new ideas to your portfolio..
Investment trusts often throw up opportunities for bargain hunters, as the share price can diverge from the net asset value (NAV) of a portfolio, meaning that it is possible to buy assets at less than the expected market value..
We asked four expert trust analysts what their top bargain pick is right now.
Scottish American
This is a 50-year “dividend hero” having raised its dividend each year for half a century. It is now trading at a 10% discount..
Henderson Smaller Companies
Recent performance of UK small and mid-cap companies has been disappointing, as fears about a UK recession weighed on share prices, and outflows from the sector made weak share prices even weaker..
Oakley Capital Investments
At a 31% discount, this private equity trust is a potential bargain, according to investment analyst Deutsche Numis. Ewan Lovett-Turner, head of investment trust research at the firm, says that it offers “exceptional value” for exposure to a portfolio of European, founder-led businesses..
Ecofin Global Utilities & Infrastructure
Currently trading on a discount of 15.5%, which is around 10 percentage points wider than its five-year average of 4.3%, Ecofin Global Utilities & Infrastructure (LSE:EGL) invests globally in utility and other economic infrastructure companies.
Matthew Read, senior analyst, QuotedData, says this is a bargain, and investors are also paid to wait for a share price rebound as the trust yields 4%, paid quarterly.
Read more here