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The 144-year-old Scottish American Trust, for example, has returned 70 per cent over the past three years compared to an average return of 52 per cent from similar investments.

The 108-year-old Scottish Mortgage Trust has returned a meaty 218 per cent over the past five years, compared to an average return of 106 per cent from rivals.

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The main benefit of this is that you can always buy and sell your investment in a trust – the price of the shares is based on supply and demand.

Conversely, funds can lock investors in if they are concerned about the value of their assets.

It’s something which many property funds did after the Brexit vote last year amid fears the market would crash and there would be a run on the funds.

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