Smaller Cos wrapper by Friends Ivory

Friends Ivory & Sime Investment Trusts is launching an investment wrapper containing its three smaller companies trusts, writes James Thorneley. The Isable and Pepable Twenty20 investment portfolio is equally split between shares in the AIM, Discovery and UK Smaller Companies trusts. This will provide investors with exposure to three indices, FTSE AIM, FTSE Fledgling and FTSE SmallCap. Intermediaries can receive up to 4% initial commission on the product until 30 June 2000, with it then falling to 3%, paid from the client's investment. IFAs can also receive 0.5% renewal each year. The mi...