How to benefit from the splits meltdown

The lumping together of the good with the toxic waste has opened up stunning opportunities for investors prepared to seek out good-quality bargains. Some split-capital trusts have sunk to a level that makes them ripe for investment

The investment trust industry has been through the mill since the stock market bubble burst in 2000. The collapse of highly leveraged split-capital investment trusts, which made seemingly safe investments worthless, has soured sentiment towards the sector. Furthermore, seeing investment trust fund managers, brokers and representatives of the AITC grilled by MPs at Treasury Select Committee sessions has hardly served to encourage people to buy investment trust shares. It is very difficult for the general public, and even some financial advisers, to be able to differentiate between a conven...