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Guinness Flight Hambro attracts £60.5 to investment trust

Guinness Flight Hambro Asset Management Ltd has launched a high yielding split capital investment trust with expected assets of £60.5m.


The Guinness Flight Geared Income & Growth Trust, which should wind up in March 2006, will have a portfolio of large to medium-sized UK yielding companies that will form 65 per cent of the gross assets and a predicted net yield of 3.9 per cent.


GFH will take out a £18.5m fixed rate bank loan to represent 30 per cent of the initial gross assets.


Approximately 30 per cent will be invested in fixed-life split capital trusts with a yield of 6.5 per cent.

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