...they are for the long term too. I have tended to prefer IT's or Investment Trusts to OEIC's or Unit Trusts because:
However, in recent years during the rising market we have had, as discounts have come in and disappeared in many cases, this means there are less bargains around in this space and gearing may not be so attractive at this stage of the market cycle.. Thus the risk of buying IT's today on a premium is that they may slip to a discount in a future market decline or as a result of poor performance which can give a double whammy on the downside and potentially be exacerbated by gearing.
So if that hasn't put you off - click today's Advent calendar window below to download an Income Investor Publication from Citywire which looks at amongst other things: trusts with 40 years+ of rising dividend, how IT's compare to OEIC's from the same manager and some views on the outlook for dividends in the UK next year.