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Investment trust share buybacks on track to beat 2023 record as repurchases hit £3bn
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The figure marks a 129% increase from the same period in 2023, when £1.3bn worth of buybacks was recorded, according to data from Winterflood. This means that 2024 is likely on track to break the 2023 annual record of £3.9bn, according to a review by the AIC. Investment trust buybacks hit highest monthly figure on record Although the average industry discount seems to have narrowed since the end of last year – from 9.7% to 6.2% at the end of June – the AIC noted the figures are «skewed» by 3i Group, as it is trading at a «hefty premium» of 47.5%. Excluding 3i Group, AIC data sho...
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