View more on these topics

BCAM trots out with the PIG

BC Asset Management has introduced the property income and growth fund, a split capital investment trust that invests in commercial property.

The investment trust consists of ordinary shares, zero dividend preference shares and bank debt. The aim is to provide ordinary shareholders with a high level of monthly income and long-term capital growth and zero dividend preference shareholders with a pre-determined capital return on May 31, 2009.

The backbone of the investment trust is the property portfolio, which accounts for 75 per cent of the fund. The property sectors it covers are office, industrial, warehousing, retail and retail warehousing. Properties which have not already been let will not be considered as part of the portfolio.

The remaining 25 per cent goes into an income portfolio, which contains geared ordinary shares of investment trusts, corporate bonds and equities.

The split-capital structure gives investors a chance to focus on income, growth or a combination of the two. Commercial property could be an attractive area for investors, particularly as the stockmarket has been choppy recently, because it is not as volatile as investing directly in equities.

According to Standard & Poor&#39s, the capital shares, income shares and geared units of BC Asset Management&#39s Yeoman split capital investment trust are bottom quartile and the zero dividend preference shares are top quartile based on £1,000 invested on a mid-to-mid basis with net income reinvested over one year to May 21, 2001.


Untrustworthy individuals

Over the last few weeks, I have been trying to identify the perfect individuals to select as trustees of a trust holding investments and/or life insurance products as assets.After pretty much rubbishing the settlor&#39s spouse as a candidate – except where the settlor deludes himself or herself that they are in and likely to remain […]

Norwich & Peterborough – Six Month Fixed Rate Bond

Thursday, 28 June 2001.Type: High interest account.Minimum-maximum investment: £1,000-no maximum.Interest rates: 5.1 per cent gross a year, 4.98 per cent gross a month.Term: Six months.Offer period: Until further notice.Withdrawal penalties: If no notice given, 30 days&#39 loss of interest on amount withdrawn unless at least £1,000 remains in bond.Tel: 0845 3002511.

May mortgage figures hit CML record high

Mortgage lending in May hit its highest level since Council of MortgageLenders&#39 records began in 1998. The increasingly buoyant housing market meant total gross mortgage lendingwent up to £12.9bn last month from £11.6bn in April and£10.1bn in May 2000. Lending for house purchase by both banks and building societies rose to£8.1bn from £7.4bn in April […]

Private Label offering free overpayments

Packager Private Label is offering to fund automatic overpayments for thefirst five years on its new flex-ible tracker mortgage. Following research sho-wing that the majority of borrowers with flexiblemortgages do not make overpayments each month, Private Label has designedits mortgage to perform this function for them free of charge. Funded by the Halifax&#39s specialist lending […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm