Investors may have been distracted by the goings on in their home market lately, but it is worth keeping an eye on what is happening further afield.
This year we have seen the closure of three investment trusts that hold the shares of companies listed on stock markets in developing countries.
Jupiter Emerging and Frontier Income Trust said in March that it was winding up, followed by ScotGems in July. Terry Smith in September said that his fund house would quit running the £350 million Fundsmith Emerging Equities Trust.
Contrarian investors may say that this flurry of closures means it is time to buy in to emerging markets. Certainly, a 35 per cent fall in the MSCI Emerging Markets index since February 2021 suggests that
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