The last two times the average investment trust discount went into double digits, shares in Migo Opportunities Trust (MIGO) went on to rally hard. Could we see the same again for this £82 million investment vehicle?The average discount to net asset value for investment trusts went from 2.4% at the start of 2022 to 12.6% at the end of October, according to Refinitiv. Reasons why trusts have traded

Investors with a high appetite for risk should take a close look at private equity investment trusts as valuation discounts have suddenly widened.Twenty five of the 28 relevant investment trusts trade below the stated value of their underlying assets. The average discount for the sector is now a touch over 28% versus just under 23% in May 2016 and less than 20% a year ago.Private equity investment