Investors in Baillie Gifford’s Keystone Positive Change have voted overwhelmingly in favour of liquidating the fund after a tumultuous few months fighting Saba Capital.
Neal Wilson of EJF Investments explains why political and macro factors are aligning to support the specialist trust's investments in the US small bank sector while keeping a lid on risk.
As US markets finally come off the boil, our columnist explains why he is sticking with Fidelity China Special Situations and how the £1.4bn trust makes good use of the closed-end structure.
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