Consolidation = profit opportunity?

The trend towards consolidation in the  investment trust sector is accelerating, as the latest spate of announcements from unloved or too small to survive trusts indicates. A useful note from Winterflood Securities this week highlights a number of other trusts that may be vulnerable to this trend. Using a series of filters, including limited liquidity, underperformance and persistent discounts, the brokers come up with a list of nine equity and five alternative asset trusts that they think could rightly be regarded as "sub-scale" and which boards might deci...