6 investment trusts on a discount

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We all love a bargain, but can you get them investing in the stock market? Here are 6 investment trusts trading at a discount.

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

Published on 13 November 2023

It was correct at the time of publishing. Our views and any references to tax, investment and pension rules may have changed since then.

Investment trusts are trading at the widest discount for a month-end since the global financial crisis.

At the end of October, the average investment trust was trading at a discount of 16.9% compared to net asset value (NAV), compared to 17.7% at the end of December 2008.

The net asset value, or NAV, is the value of all the investments a trust owns, less the value of what it owes, like debt, divided in total by the number of shares. It’s the intrinsic value of what you're buying. The premium or discount reflects the market sentiment towards those shares, dictated by investor demand.

But how can you tell if you’re buying a bargain, or a trust is cheap for a reason?

We’ve done the hard work for you. Here are six high-conviction investment trust ideas currently trading on a discount. While our analysts have conviction in these trusts,