The launches of BFS Zero Preference Growth Trust and Investec Guinness Flight Capital Accumulator fu...
The launches of BFS Zero Preference Growth Trust and Investec Guinness Flight Capital Accumulator fund should help the market digest the glut of zeros now available. The restructuring of various trusts and launch of a number of split caps this year have helped create an oversupply of zero dividend preference share paper. Both underlying BFS and Investec portfolios aim to be fully invested in zero shares. The BFS split capital trust has raised £60m through placings with institutions. So far the Capital Accumulator fund has raised £10m. Ravi Anand, director corporate finance at HSBC, said:...
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