Discounts and premiums to NAV (net asset value), which is the value of all the investments an investment trust holds minus any debt or loans, are among the trust universe's unique quirks and can confuse novice investors. At the moment the vast majority of trusts trade at a discount.Annabel Brodie-Smith, the AIC's (Association of Investment Companies) communications director, says: 'Only around 20

Encouraging start for small caps trustHulse sees value opportunity in UK small capsWindward?s potential excitesShares in Onward Opportunities (ONWD:AIM) rose 1.5% to 111.5p after the smaller companies-focused trust reported an 11.3% NAV (net asset value) total return to 106.5p for the nine months from its March 2023 IPO (initial public offering) to the end of December.That performance compares to

As an investor, you should be willing to sell shares in a company should you believe its best days are in the past. You will inevitably get things wrong from time to time and/or the investment case can change and, in these circumstances, you must summon up the courage to click the sell button.Buying low and selling high is the key objective when it comes to investing in shares, but even experience

- Onward Opportunities makes IPO debut- Sees structural market opportunity in UK smaller companies- The Investment Company shifts focus to small capsSmaller companies-focused investment trust Onward Opportunities (ONWD:AIM) began trading on AIM today after raising £12.8 million from its IPO (initial public offering) at a price of 100p per share.The fund's investment manager is Dowgate Wealth, a p