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Charter IT retains £80m in assets

Dresdner RCM Global Investors&#39 Charter European Investment trust has retained £80m of assets at its relaunch following a defeated hostile bid from Henderson.

The trust, now restructured as the Charter Pan-European trust, lost most of its institutional investors after the Henderson bid but managed to hold on to around half of its private investors.

It will now pay off its bank debts and concentrate on a portfolio of European equities.

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NS&I savings drops in February

Sales of National Savings & Investments&#39 products in February dropped to £850m from £1.02bn in January. Overall holdings in NS&I products were reduced by £3m as withdrawals for the month stood at £853m.Total investment now stands at £62.6bn.

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