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Gartmore SNT launches with £122m

Gartmore&#39s third Scottish National Trust, a split capital fund, will have initial capital of £122m as a result of a rollover from its predecessor.

The fund manager says it has attracted the largest investment in a split capital investment trust in 1998 to date.

Gartmore SNT fund manager Diane Wilde says: &#34We are delighted at the support for Gartmore SNT from existing SNT shareholders and from new investors. The past few weeks have proved to be an extremely turbulent time for world markets, but we believe from the current level of the UK market that we can deliver satisfactory long term returns for our shareholders.”


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Skipton offers a DISCAP combination

Skipton Building SocietyDISCAP MORTGAGEType: Loan offering discounted rate for first two years followed by a capped rate thereafter.Discounted term: First two years of loan.Discounted rate: 2 per cent.Payable rate: 6.8 per cent.Capped term: From two years after completion until October 31, 2003.Capped rate: 6.99 per cent.Minimum loan: £5,000.Maximum loan: Up to 90 per cent of […]

Foreign & Colonial sees buying opportunities

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Market Harborough Building Society looks Ahead to ISAs

HIGH INTEREST ACCOUNTSMarket Harborough Building SocietyISA AHEAD ACCOUNTType: High interest account for pre-individual savings account investments into either mini or maxi ISA&#39s.Minimum-maximum investment: Mini – £3,000, maxi – £7,000.Interest rates: Mini – 7.75 per cent, maxi – 7.95 per cent.Term: Until April 5, 1998.Special offer: 0.5 per cent interest bonus until April 2000 for transfers […]


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