Aberdeen trust launch

By Leo Bland Aberdeen Asset Managers is launching an offshore US split cap investment trust with the US equity portion managed by Katherine Garrett-Cox and her team. The American Monthly Income Trust will invest in a portfolio split between US large cap equities, fixed interest and other high yielding securities. The investment trust will be based in Jersey and will have three share classes - zero dividend preference shares, ordinary income shares and annuity income shares. The zero dividend preference shares will have a gross redemption yield of 9% and the life of the shares will be sev...