Friends Ivory & Sime is looking to raise £80m with the launch of a split cap investment trust on 19 ...
Friends Ivory & Sime is looking to raise £80m with the launch of a split cap investment trust on 19 December, writes Pascal Dowling. Dealings in the Geared Opportunities Income Trust are due to start on 2 February 2001. The trust, to be managed by John Stubbs, will have a total portfolio yield of 6.8%. Stubbs, also manager of the British Assets Trust, said Geared Opportunities would be run with a conservative approach as he believes the appetite for risk in the market is shrinking fast. The portfolio will be split between the shares of 30-45 high yielding split capital investment trusts...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes