![f017-02.jpg](https://article-imgs.scribdassets.com/3412ppl8xsbmeuzc/images/fileOXF5H556.jpg)
It’s a good rule of thumb to avoid new investment-trust issues until they have proven themselves. Still, there are always exceptions. In my experience, the most reliable trusts are launched in tough times. The Ashoka WhiteOak Emerging Markets Trust (LSE: AWEM) launched earlier this year, raising £31m, is a good example.
Ashoka launched its , managed by the same investment team,