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Friends Ivory & Sime launches split capital investment

Friends Ivory & Sime has launched a new split capital investment, Geared Opportunities Income Trust, which will invest in UK quoted investment trusts and investment companies.

GOIT has around £57m committed from institutional investors and will be managed by John Stubbs of FIS.

The launch follows FIS&#39s rollover of ISIS Trust in November 2000, which brought its total assets under management to over £100m.

FIS Investment Trusts managing director Peter Arthur says: “Split capital investment trusts are growing areas of the market and we are confident of GOIT&#39s success.”

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