Investec's zeros get vote of confidence

Professional Adviser
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In the wake of the negative publicity surrounding split capital investment trusts, Investec Asset Ma...

In the wake of the negative publicity surrounding split capital investment trusts, Investec Asset Management's Extra Income Trust has won a resounding vote of approval as the majority of investors, instead of cashing in on the wind-up of the split caps trust, decided to roll over £6m into another zeros fund. Launched in November 1995, the Extra Income Trust followed a conservative investment strategy, which allowed holders of Zero Dividend Preference Shares to receive full payment representing capital gains of over 8%pa over the life of the trust. This success of the Extra Inc...

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