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Aberdeen Unit Trust Managers changes Extra Income funds investment objective


Aberdeen Unit Trust Managers is changing its investment objective on its Extra Income unit trust in a bid to boost its yield.


The move will see the fund&#39s fixed-interest weighting increased to around 30 to 35 per cent from the current 25 per cent.


It is hoped this will boost the yield by 10 per cent allowing the fund consolidate its position within the sector.


Aberdeen unit trust managers managing director Gary Marshall says: &#34With yields on equities at historic lows and some excellent opportunities to pick up yield and capital gains in the bond markets, this is an obvious move, bringing clear benefits to unit holders.&#34


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