For a long time (three+ years, I suppose) I have watched investors selling either because they have lost confidence in stocks in general or because they wish to ensure sufficient cash for their various purposes. But it seems to me that the tide has finally turned thus enabling investors to buy investment trusts, particularly small ones, that have been so brutally sold down.
As remarked here before it is hard to get proper advice on investment trusts as a long term vehicle but the effort is worth it provided one is laying out at least £100,000. For obvious taxation reasons an ISA is the best vehicle provided one enjoys reasonable brokerage costs – and this is not easy given that in all probability the investor is unlikely to hold cash in excess of £50,000 in an ISA.