Framlington this week finalises the structure of its split capital investment trust due for launch a...
Framlington this week finalises the structure of its split capital investment trust due for launch at the end of February. The Framlington Split Income Trust will invest 80% of its underlying portfolio in the income shares of other split cap trusts. The remainder will be put into the shares of conventional investment trusts. Paul Branigan, head of closed-end funds at Framlington, will run the trust. He will be able to buy capital shares within the growth portfolio if he is feeling bullish on world markets, or zero dividend preference shares if he wants to take a more defensive stance. Th...
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