Jupiter Asset Management is to launch a unit trust investing solely in zero dividend preference shar...
Jupiter Asset Management is to launch a unit trust investing solely in zero dividend preference shares, writes Pascal Dowling. The new trust, Jupiter Preference fund, offers initial commission for IFAs of 3% and renewal commission of 0.5% for Isas and Pep transfers. The fund goes live on 21 March and will provide a rollover vehicle for zero dividend shareholders, estimated to make up 33% or £20m of the total shareholding, of the Jupiter International Green investment trust, which winds up on 31 March. According to Steve Glynn, head of unit trust business at Jupiter, no specific target ha...
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