Split caps crisis shows need for greater scrutiny

Dividend suspensions in the split cap sector have been snowballing ' accumulating to almost a dozen. While not overly held by the average retail investor, these suspensions are having a knock-on effect on retail zero unit trusts, conventional splits and the investment trust industry as a whole. In addition, while the affected splits are not necessarily popular retail vehicles, they have been widely invested by institutional investors, which is bound to affect retail punters. This is starting to look similar to the rise and subsequent implosion of technology funds. Both were popular and so...