My advice may be less than worthless since I hold no trusts and have not followed them for a couple of months. I did lose a substantial sum when I sold them off but I am so glad I did. My losses would be much greater today if I would of held on.
You are in the enviable position of holding cash during a correction that may become much worse before it gets better. Even if it is an anomaly and the market returns to bullishness this week, you must ask yourself why should you buy a trust. Putting aside the reasons, trusts have been tarnished. The trust market is infinitely smaller than it was and any upside potential is by decree curtailed.
Beyond that trusts have the same pressures on them that normal equities do. The shoulder season and political manoeuvring affects the energy trusts. The housing market affects the RIETS and the individual dynamics of business affect all the business trusts. On top of all that is the overriding affect of the global economy and the general emotional state of the markets. So once again, why take on the added baggage that trusts carry?
I am an income investor as most here know. Trusts supplied that income very nicely for years, but those days are gone I'm afraid and it is time to find other income streams. For me that has been covered call writing. Not only does it distance me from the trust world but it has produced a much better and safer income. I would like to emphasize that options are not for every taste but so far it suits me well.
I don't mean to rain on anyone's parade, I respect too many on this board to make offhand remarks of this sort without some serious thought. My motive is that I have many friends that have lost large sums because they are holding on to trusts for the income. This loss keeps growing and there is no end in sight. It is not too late to get out and use the remains to build a safer source of income.
Years ago we trusters were called fools and retards because we invested in a vehicle that was thought by some to be financially unsound. They were wrong, as long as trusts were allowed to work. But now they have proven themselves right, trust have become unsound investments.
Be a survivor, move on to other investments and other income strategies. Don't make the other part of their insult true is my advice.
PS, this may have sounded mean but I assure you it is meant with great care and affection for this board and the posters on it. I wish you all the best.