Investors interested in the Gartmore Monthly Income Trust have until the end of the month to coll...
Investors interested in the Gartmore Monthly Income Trust have until the end of the month to collect a 50% discount on the initial charge for the lump sum investments via Gartmore's ISAit.
Investment is placed in equities to net potential yields of 17.1% per annum, according to data provided by Gartmore which suggests the trust will receive an estimated yield of 15.4% from 11 April to the end of the month.
The top ten stock investments are Shell, GlaxoSmithKline, BP Amoco, Vodafone, HSBC, Royal Bank of Scotland, Scottish & Southern Energy, Barclays, Lloyds TSB and Reckitt Benckiser CV Bonds.
The top ten funds are Murray Johnston Global Return, Morley Absolute Growth, Exeter Selective, Govett Enhanced Income, BC Income & Growth, Fleming Income Growth, M&G Income, Edinburgh High Income, Framlington Second Dual and Jupiter Dividend and Growth.
As an added incentive, the initial charge to consumers for lump sum investments in GMIT ordinary shares via the ISAit scheme will be set at 1.5% until 30 April.
Gartmore spokesman Ian Overgage said: "In the current falling interest rate environment, the thirst for income remains undiminished. GMIT ordinary shares not only pay a very high level of income, the dividends are also paid every month, which can be an attractive option for many investors looking for regular income from their investments.
"The shares have higher risk characteristics than conventional equities. However, faced with falling income returns from bank and building society deposits, many investors may find the risk profile of these shares one that they are prepared to accept in return for the potential monthly income stream."
£300bn of liabilities
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