Today's Financial Services Authority paper on the split capital investment trust market and the prob...
Today's Financial Services Authority paper on the split capital investment trust market and the problems associated with underperforming investments, high gearing and cross-holdings has today been commended and castigated in equal measure. The FSA says that only a small number of split caps ran into significant problems caused by excessive gearing and cross-holdings, while the overall investment trust sector remains a good investment alternative. It says many of the problems have been caused by falling stock markets rather than "any unusual or inappropriate investing or financin...
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