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The future is Victorian

Investment trusts are an old idea but a good one

By David Stevenson  

In a world that is terrifically excited about anything that sounds alternative or disruptive, the humble investment trust might look rather Victorian. But the original idea remains revolutionary. Find a bunch of great, sometimes unorthodox, investment ideas where an expert manager can add real value and then raise money to fund a company that will invest in them. Next, list shares in the company on the stock exchange and there you have it: a vehicle that can invest…

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