Several investment trusts have demonstrated varied performance over the last three years. Mid Wynd (LSE: MWY), which moved from Artemis to Lazard three years ago, has returned 17% compared to the MSCI World index's 63% over the same period. STS Global Income and Growth (LSE: STS) and Troy's Personal Assets (LSE: PNL) have also shown limited returns, with STS at 16%.
Alliance Witan (LSE: ALW) has seen a 38% increase over three years, with its strategy of using 11 global managers and concentrated stock holdings raising questions about its effectiveness. In contrast, F&C (LSE: FCIT) is up 60% over the same period. Scottish American (LSE: SAIN) has risen 25% in three years, with its income focus noted as not aligning with the Baillie Gifford investment style.
In the UK sector, Finsbury Growth & Income (LSE: FGT) has returned 6% over both three and five years. BlackRock Smaller Companies (LSE: BRSC) has moved from a top performer to near the bottom of the UK small-cap table in the last five years. BlackRock Greater Europe (LSE: BRGE) is currently the weakest performer in Europe over all time periods up to five years, despite strong performance in its first 17 years.
Pacific Assets (LSE: PAC) in Asia is being absorbed by Schroder Asian Total Return (LSE: ATR). Pershing Square (LSE: PSH) has experienced dismal performance over one and three years, but its 33% discount to net asset value (NAV) and historical recoveries suggest a potential opportunity for investors.