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Aberdeen Asset Managers launches new investment trust

Aberdeen Asset Managers has announced the launch of new European split capital investment trust.

The European Growth & Income Trust has a planned life of six years.

The trust will be invested in three main areas, 65 per cent in the continental European equity, 20 per cent in a revenue portfolio comprising an income portfolio and 15 per cent in bond portfolio.

Income, capital and zero dividend preference shares are offered as well as

units comprising one income and one capital share.

Dealing begins on November 29th.


Clerical Medical get ethical

Clerical Medical’s ethical fund is an open-ended investment company which is aimed at investors who want to choose where they invest more carefully and who are looking for long-term capital growth. It will seek to achieve this by investing in a portfolio of between 50 and 60 UK and European companies which satisfy a range […]

Scot Life offers improved terms for GPP plans

Scottish Life is introducing two new offers on its personal pension plan which it says will enable IFAs to provide their clients with enhanced pension savings opportunities. The offers cover improved terms for new group personal pension plans and special terms for transferring to a group pension plan with Scottish Life. The effect of the […]

The High Court…

The High Court battle between fund manager Jupiter and its founder John Duffield was postponed for the second time.Money Marketing went to press as lawyers continued negotiations for an out-of-court settlement.Judge Mr Justice Buck ley granted a joint application for a further 24 hours of discussions but warned the lawyers it would be their last […]

Tech funds hit year&#39s low point

UK technology unit trusts suffered their worst month of the year in October, with average performance down by 12.8 per cent according to figures from Lipper Tech Fund Bulletin.No tech funds had positive ret urns. Top performer was the Legg Mason telecom fund, which fell by 0.7 per cent. Second was Artemis&#39 New Enterprise, losing […]


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