Many investors are unnerved by investment trust discounts and premiums. But the concepts are quite simple and – assuming you’re not a pure passive investor1 – they shouldn’t put you off these interesting shares. That said, not understanding the difference between discounts and premiums can cost you money. It’s all too easy to be confused, […]

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One problem with investing in small cap trackers1 is that there is no consistent definition of small. Like ancient market traders before the invention of scales and Trading Standards, some people’s idea of small turns out to be quite big. For example, if you want to invest in UK small caps then you might consider any […]

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Alright, so I’ll start with a shorter version of today’s rather meandering thought piece. The long version that follows the short take is just a wander through the weeds to think about why cloning Neil Woodford (his fund, not his flesh) looks like a fruitless faff. But some people like me might find it interesting […]

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Small ones are more juicy is the phrase that comes to mind when thinking about the effect of the size (or small cap) premium on your portfolio. It’s long been contended that smaller companies deliver better returns for investors over time than their bigger brethren, albeit at greater risk. The size premium is thus one […]

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