Exeter responds to legal scrutiny over split caps

Exeter Investments is respond- ing to queries into its split cap trust business raised by a law firm looking into potential misselling in the sector. In total, Class Law is investigating 31 different management groups, intermediary firms and stockbrokers for potential misrepresentation of the risk in highly geared split capital trusts and so far claims 1,700 investors have come to it seeking redress. The law firm has sent Exeter a letter on behalf of two clients requesting further information on its Zero Preference Fund, a unit trust of zeros, and Selective Assets Progressive Growth inv...