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AITC factsheet explains split-cap trust details

The Association of Investment Trust Companies is publishing a new factsheet to explain the complex world of split-capital investment trusts.

The guide is the latest move in the AITC&#39s “its” campaign and is intended to bea learning aid for IFA clients as well as direct investors.

The free factsheet breaks down the type of investor best suited to investing in split caps, explaining the different types of share classes.

The split-cap market has £11.2bn under management, representing around 14 per cent of the total investment trust industry.

This month has seen the launch of several new split-cap trusts, with further launches this autumn. Aberdeen Asset Management and LeggMason Investors have both launched US split-cap funds while BFS Investments has launched a UK-based fund. Investec Asset Management is considering a new European split-cap trust to be managed in part by Blackrock&#39s star fund manager Albert Morillo.

AITC PR manager Annabel Brodie Smith says:”Splits are unique. They provide the flexibility to suit investors&#39 individual needs by issuing different types of shares.

“Split-capital investment trusts can suit the needs both of cautious and high-risk investors and are also a good option for those seeking inccome or capital growth.”


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