Aberdeen Asset Management is offering a discount on its High Income and Extra Income unit trusts. Th...
Aberdeen Asset Management is offering a discount on its High Income and Extra Income unit trusts. The 0.5% reduction on the initial 4.25% charge will be available from the beginning of September until the end of the year. The annual charge of 1.25% will remain unchanged. Both funds are managed by Neil Cumming, head of UK equity income at the group, and the two portfolios have broadly similar objectives. The £192m Extra Income fund is designed to produce a slightly higher yield by investing up to 50% of its portfolio in fixed interest securities including convertibles and preference shares...
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