High stock turnover for Aberdeen trust

Aberdeen's forthcoming European Technology & Income split cap vehicle is aiming for a far broader spread of tech stocks than it runs in its retail unit trust. The closed end fund will have a 50% portfolio weighting in high yield bonds with the remainder in tech stocks. The latter half will have between 70 and 90 stocks as opposed to the 40 holdings in the Aberdeen European Technology unit trust. John Pullar-Strecker, head of technology at Aberdeen, said: "The unit trust only invests in continental European stocks whereas the split cap will also invest in UK companies." The average market...