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Re: Re: [sharechat] LEARNING TO INVEST: Barriers to sound investment ( 6 )

From:	"G Stolwyk" <stolwyk@wave.co.nz>
Date:	Sun, 20 May 2001 17:05:48 +1200

Dannie,

Thanks for your comments of May 14 on my post of May 13, 2001.

I want to apologize for the delay in my reply; I took a print of your remarks, mislaid it and found it again!

Being a closed fund, the Investment trust and its behaviour will be closer to an ordinary share, I think. They have annual meetings and elect Directors.

I have broker friends who are doing a lot of work advising on trusts.

One told me that older people do not like the high discounts or premiums associated with Investment Trusts; they tend to be more risk - averse.

As far as paying back tax, some Unit Trusts may use that argument to gain business.

Since Dr Cullen has already commented on it, any likelihood of that occurring, may be remote in my opinion.

Anyway, there are a lot of people holding Investment trust units and these are also voters!

Appreciating your comments,

Gerry

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