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Aberdeen trust raises £300m

Aberdeen Asset Managers has raised £300m investment for its new split capital investment company, The American Monthly Income Trust Limited.

The Jersey-based company will have three classes of share: zero dividend preference shares, ordinary income and annuity income shares

The US large cap portfolio will be biased towards growth stocks, and managed by Aberdeen’s new US equity team, led by Katherine Garrett-Cox.

Commenting on the fund raising, Katherine Garrett-Cox said: " I am delighted by the strong level of support for this new closed end fund. We continue to be long term believers in the strength of the US economy."


Cover story

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SocGen highlights Europe and technology for dual path Isa

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Aberdeen American trust takes in £300m

Aberdeen Asset Management says it has attracted more than £300m in new investment to its American monthly income split-capital investment trust.The expected breakdown of the Jersey-based trust is 45 per cent ordinary shares, 42.5 per cent bank debt, 7.5 per cent zero shares and 5 per cent annuity income shares.The trust will invest in a […]

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Sticking to valuation discipline when investing in China

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