Zeros unit trust launchby Aberdeen

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Aberdeen Asset Managers is to launch a unit trust investing in zero dividend preference shares, writ...

Aberdeen Asset Managers is to launch a unit trust investing in zero dividend preference shares, writes James Thorneley. Subject to FSA approval, the launch will take place later this summer and will make it the third fund of its type available to unit trust investors. It is to be run by the group's head of specialist funds Chris Fishwick. The charges on the fund will be the same as those on Aberdeen's other unit trusts, with 4.25% initial and annual management charges of 1.25%. Intermediaries will be able to receive up to 3% initial commission and 0.5% renewal. Zero dividend preference s...

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