Why the new Key Information Document for Investment Trusts is well-meaning but flawed

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Follow this link if this email is not displaying correctly DAILY BULLETIN Wednesday 10 January 2018 Well-meaning but flawed: the new Key Information Document for investment trusts by Nick Sudbury | Funds | 2 mins. to read From 1st January all investment trusts have had to publish a Key Information Document (KID) before their shares can be made available to retail investors. This sort of standardised information can be useful, but unfortunately some of the prescribed content can be highly misleading. One of the most surprising aspects of the new KID is that the investment trusts are not allowed to include their historic returns. Instead of publishing a chart and the performance data they are required to illustrate the potential investment outcomes under four different scenarios − Stress, Unfavourable, Moderate and Favourable – over periods of one, three and five years. Click here to read the full story LATEST STORIES FROM OUR BLOG Evil Knievil: The world needs palm oil and will pay by Evil Knievil | Evil Diaries | 1 mins. to read Simon Cawkwell, AKA Evil Knievil, with his latest trading and gambling exploits - focusing on palm oil, HMRC, and Tesco.   Click here to read the full story Is this market the best way to tap into African potential? by Victor Hill | Economics | 9 mins. to read Kenya is once again politically stable and is fast becoming the most mature emerging market in Africa, writes Victor Hill.   Click here to read the full story QUOTE OF THE DAY "There is no error so monstrous that it fails to find defenders among the ablest men."                                             Lord Acton MASTER INVESTOR VIDEO EXCLUSIVE LATEST EDITION OUT NOW The future of money - Cash, crypto or gold? Jim Mellon - Inside the mind of the Master Investor Budget 2017 - What does it mean for you? Infrastructure funds - 5 funds to protect you from inflation Z-Scores - How to spot the trouble before it happens   Click here to read online Master Investor Ltd. Suite 88, 22 Notting Hill Gate London, W11 3JE T: +44 207 164 64 14 E: swen@masterinvestor.co.uk Share the newsletter: Follow us: Copyright © 2018 Master Investor Ltd, All rights reserved. Master Investor is a trading name of Master Investor Ltd. Material contained within Master Investor Magazine and its website is for general information purposes only and is not intended to be relied upon by individual readers in making (or refraining from making) any specific investment decisions. Master Investor Ltd. does not accept any liability for any losses suffered by any user as a result or any such decision. If a Daily Bulletin is too frequent, why not opt in to our once weekly mailing list for a round up of the week's news. Want to change how you receive these emails? Why did I get this | Unsubscribe from this list | Update subscription preferences