Split cap from Schroders

Schroders is launching a split capital investment trust open to new investors as well as being a rollover vehicle for the Schroder Split Fund, which winds up in January next year. The Schroder Split Investment fund will seek to offer investors a high level of income, together with the prospect of long-term growth of income and capital. The split capital investment trust, as first reported in Investment Week last month, will be run by Ian McVeigh, and will invest 75% of its portfolio in FTSE 350 companies, and 25% in fixed interest securities through the Schroder Monthly High Income and ...