The rally in beaten-up UK stocks over the past 18 months means there have been easy gains on offer for investors. A skew towards recovery plays has amplified the gains made by Edinburgh Investment Trust, which over the two years to the end of March generated a net asset value of just over 55 per cent, versus the 44 per cent turned out by the FTSE all-share.
That outperformance means Edinburgh Investment Trust, which for the past two years has been attempting to win back investors after a repeated weak performance as part of the Invesco stable, has helped narrow the discount attached to the shares versus the NAV.
Edinburgh has now become the only investment trust to be managed by Liontrust, which has itself
