Invesco Perpetual to launch split-cap trust

Invesco Perpetual is launching a split-capital investment trust later this month, to be managed by Martin Walker.

The Invesco Perpetual Dual Return trust will be available at launch as an issue of units for 200p, which can be split into separate ‘income' and ‘capital' shares at any point - each separate share is worth 100p. Walker currently manages approximately £1.5bn in the firm's Children's fund and UK Growth fund. The Dual Return trust's income shares will aim to provide a 7% annual yield and will pay 100p of capital and any revenue reserve on the scheme's wind up after seven years, while the capital shares will aim to provide an annual yield of 3.5% with all assets above 100p returned on win...