The Premier Enterprise fund of investment trusts has built up a 10% exposure to structured products...
The Premier Enterprise fund of investment trusts has built up a 10% exposure to structured products. Among the holdings are Close UK Index Growth and Merrill Lynch Japan Accelerated Growth. Manager Donald Robertson said there is a growing market in such instruments and they fluctuate in value much like any other share. The aftermarket in structured products is growing as the investment trust desks of investment banks look for fresh avenues of work following the collapse of the splits market, according to Premier. Management of Premier Enterprise was outsourced to Scottish Value Manageme...
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