BFS unveils UK equity split cap

BFS Investments is rolling out a split cap investment trust with the UK equity portfolio managed by Alan Brunsden. The split cap, which will be called the BFS UK Dual Return Trust, will offer zero dividend preference shares, income shares as well as capital shares. Retail investors will be able to access the fund through geared units, which will combine one income share and one capital share and offer a net yield of 8.5% or growth units, which will combine one zero with two capital shares. Investment Week understands that the split cap is to be offered as a rollover vehicle for investors ...