The zeros market is undergoing substantial change with Investec launching a closed-ended fund of the...
The zeros market is undergoing substantial change with Investec launching a closed-ended fund of the split cap shares while Premier has converted its zeros fund into a property vehicle. The forthcoming rollover of the split capital Gartmore SNT Trust has provided an opportunity for Investec manager Alastair Mundy to head up a new closed-ended investment company of zero dividend preference shares and structured products. The Gartmore vehicle will wind up on 30 September but, with income and capital shares entitled to barely 10% of assets, the trust's board needed a rollover option suited t...
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