Benefits of investment trusts for ISAs, CVC Income & Growth Trust performs well
From Morningstar:
Pieter Staelens, Portfolio Manager of CVC Income & Growth Trust, discusses the benefits of investment trusts for ISAs. The trust saw a 14.4% share price total return over the past year, driven by high income on loans and credit opportunities. Top issuer Doncasters, a superalloy manufacturer, has seen significant growth after financial restructuring. Hotelbeds, a B2B travel operator, has rebounded post-COVID and may consider an IPO. Staelens reduced fixed-rate high yield exposure in January to capitalize on higher coupons in floating rate credit.
Read more at Morningstar: Can You Put Investment Trusts in a Stocks & Shares…
