Foreword
Introduction: The changing landscape
Chapter 1: Structure and scope
* What are investment trusts?
* Net asset value (NAV)
* Discounts and premiums
* Price and size
* Range and reach
Chapter 2: Better performance
* Share prices
* NAV comparison
* Clear message
* The strange case of 'Mirror funds'
Chapter3: Cheaper Fees
* Charges compared
* Effect on returns
* Lessons from America
* The TER and more
Chapter 4: Discount opportunities
* Their importance
* Factors affecting
* Judging opportunities
* The long term
Chapter 5: Other advantages
* Gearing
* Board of Directors
* Shareholder power
* Long term investing
* Marketability
* Dividends
* Capital changes
Chapter 6: The disadvantages
* Unhelpful gearing
* Widening discounts
* Poor liquidity
* Rising fees
* The result!
Chapter 7: Useful miscellany
* Directors' shareholdings
* Report & Accounts
* Doing the splits
* ETFs and trackers
* Portfolio turnover
Chapter 8: Investment objectives
* Risk tolerances
* Income requirements
* Time horizons
* Currency and other considerations
* Choosing a benchmark
Chapter 9: Successful investing
* Getting started
* Staying invested
* Diversification
* Importance of dividends
* Some other secrets!
Chapter 10: Portfolio construction
* The Investors Chronicle portfolios
* Balancing capital and income
* Themes and geography
* Risk and reward
* Some golden rules
Conclusion
