- This year has seen some huge share price movements in the investment trust space
- What looks cheap and what looks toppy?
Markets have not exactly been moving sideways in 2024. The S&P 500 has returned nearly 15 per cent in sterling terms over the first nine months of the year, with the FTSE All-Share making more than 10 per cent. Equity fund investors have had plenty to enjoy, in these markets and elsewhere.
In such an environment, individual company and investment trust shares also tend to prosper, given they are often subject to higher levels of volatility. We saw that in the fund space back in 2020, when some trusts managed to make share price total returns in excess of 100 per cent.