Investec trust discount

Investec Asset Management is to put a 2% discount on its Capital Accumulator unit trust from this week, writes James Thorneley. The £25m fund which invests in zero dividend preference shares of split capital investment trusts formerly carried the prefix Guinness Flight. But like all of the group's unit trust range this has been altered to Investec to identify more clearly with the group brand. The discount on the fund coincides with the launch of Aberdeen Asset Managers own unit trust which invests in zeros. Investec is offering a 2% discount from the initial charge of 5% with IFAs able t...