Lows dent splits' image

Chris Fishwick, investment director, head of specialist funds at Aberdeen Asset Manager, believes market falls have put the split capital sector back five years in terms of its education programme. Speaking at the Investment Week Investment Trust Forum last week, Fishwick said intermediaries and private client stockbrokers need a better understanding of splits because if they understood properly the risk attached to them, they would be more willing to take that risk. He said the dangers attached to splits were well-documented in 1999 when the new barbell trusts were originally launched,...