Analysts at Stifel highlight the trusts that could see a reversal in fortunes if sterling continues to strengthen.
Henry Thornton, manager of small Asia-focused Establishment trust, says island country will benefit from tourism and Chinese investment.
The turnaround in emerging markets has led to Numis recommending the trust as a 'buy'.
Tobacco stocks like Philip Morris have transformed their prospects with push into smokeless products, says Mark Whitehead of Securities Trust of Scotland.
Finsbury Growth & Income trust manager criticises European authorities' block on the LSE's merger with Deutsche Boerse.
Shares in direct lending investment trust slump nearly 7% on news of write-down sparked by collapse of US peer-to-peer platform.
Judith MacKenzie, manager of the soon-to-launch Downing Strategic Micro Cap believes some small caps are entering bubble territory.
Investors sent shares in Juridica tumbling after yet more losses for legal fund, while Allied Minds slump takes toll on trusts.
Martin Currie is delving into capital to increase the yield on the Asia Unconstrained trust - a move it hopes will narrow the discount.
Henderson High Income manager David Smith is sticking with domestically-focused stocks, in spite of the post-Brexit wobble.