Mike Sandifer, investment committee member on the Amerindo Internet Fund investment trust, says the ...
Mike Sandifer, investment committee member on the Amerindo Internet Fund investment trust, says the issues affecting split capital investment trusts are not directly related to other trusts such as his, but the general feelings the issues generate among investors could result in fallout for the entire investment trust industry. Amerindo, which is concerned with its own problem of having a share price trading at a steep discount to its net asset value, currently has no gearing, and does not hold shares in split cap investment trusts. Nevertheless, Sandifer says, the split cap sto...
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