Splits personalities

A well-managed split capital investment company offers innumerable attractions - not least its recent successful vault over the £90bn barrier. Here is a profile of the many different 'personalities' of options within the splits sector

The summer has done little to slow down the investment company sector, which, although showing some sign of new-issue fatigue after a boom time for new launches, has continued to see its fair share of activity. The industry's total assets broke the £90bn barrier for the first time ever this year, and total assets are currently tantalisingly close to the £100bn mark. Yet this tremendous growth in overall assets of the investment company sector contrasts to one of the industry's sub-sectors: the split capital investment company sector. It will come of little surprise to advisers that the spl...