Split cap surge as assets hit £12bn

The past two years have seen a resurgence in the split capital investment trust market with assets under management shooting up from £5bn to £12bn. In June 1999, there were some 70 splits on the market but that has gone up to 137 today, and there are plenty of commentators who think this rise can continue. Paul Glover, investment trust analyst at Collins Stewart, believes total funds under management in splits could reach as much as £15bn by the end of the year. The split cap market may well be bigger but the industry has seen ups as well as downs. Several high profile splits have run i...