Investors must consider splits - AIC

During the well-publicised crisis between 2001 and 2003 many split-capital companies went bust. However, Daniel Godfrey, director general of the AIC, pointed out that many traditional split-capital companies emerged intact from the crisis and said many of these have been delivering strong returns over the last three years. Godfrey said: “The industry has demonstrated through changes to the listing rules, and the introduction of the AIC’s code of corporate governance that it has learnt the lessons that needed to be learnt, and as a result, has in fact emerged stronger than before.” David ...