Premier Portfolio Managers is targeting an initial yield of 8% on its Zero Preference fund. Launc...
Premier Portfolio Managers is targeting an initial yield of 8% on its Zero Preference fund. Launched last week, the Oeic will buy into zero dividend preference shares of investment trusts and other closed-end funds. The portfolio, to be managed by David Hambidge and Raj Hallan, will look to have 20-25 holdings. The fund will be available through both an Isa and a Pep but Premier believes it also has an attractive tax angle for those investing outside these two wrappers. Gains from zeros count towards the annual CGT allowance, now at £7,500, and most people in the UK do not make ful...
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