In the trust's final results, chair Christopher Russell said the board will keep monitoring the discount to determine whether it is a «temporary aberration» or a longer-term signal that action additional to buybacks may be required. RICA's discount to net asset value expanded from 3.1% at the start of the reported period to 5% by 30 June. According to the Association of Investment Companies, the discount now stands at 4.7%. Ruffer managers bet portfolio's 'ugly duckling' assets will turn into swans once market turns The board will seek approval from shareholders once again to refre...
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