Five years ago

What made the news on 1 March 1999

Dublin-based Pep vehicle from HSBC HSBC Asset Management was launching a Dublin-based Pep with an income option to take advantage of the demand for that type of product. The Pep offered an income option of 8% a year paid annually for the product"s four-year life. The launch came as high demand led other companies to close similar offerings early. Gartmore launches split-cap product Gartmore was launching a split-cap investment trust. Gartmore High Income Trust had 50% in ordinary shares, 25% in zero dividend preference shares and 25% in bank debt. The trust had no fixed life because the...