View more on these topics

Henderson Geared Income & Growth Trust sees losses

Henderson Geared Income & Growth Trust fell 9.2 per cent in the six months to the end of August.


Net asset value per income ordinary share fell by 15 per cent in the same period.


Henderson blames the poor performance on gearing which means that the shares suffer in a falling market.


But the quarterly dividend rate has been raised slightly from 1.7p to 1.8p per income ordinary share.


Portfolio manager Job Curtis says: &#34This has been a disappointing six months but it is relative to the current market conditions.&#34

Recommended

Buy-to-Let with Exclusive Connections

Exclusive ConnectionsBUY-TO-LET MORTGAGESType: Fixed rate mortgages for the buy-to-let market.Fixed terms: Until February 1, 2002 and June 1, 2008.Fixed rates: 7.59 per cent or 6.99 per cent respectively.Minimum loan: £25,001.Maximum loan: Self certification – up to 75 per cent of valuation subject to a maximum of £150,000. Full status – up to 85 per cent […]

Professional body is closer as IFAA teams up with IFP

The IFA Association is to join forces with the Institute of Financial Planning this week in moves which could create a professional body.Money Marketing has learned the two organisations are set to form a partnership. Senior sources close to the IFAA say the association has been in talks with the IFP for several months.Discussions have […]

Aitchison & Colegrave launch Global Strategy Trust

UNIT TRUSTSAitchison & ColegraveGLOBAL STRATEGY TRUSTAim: To achieve capital growth and income through a fund of funds investment.Minimum investment: Single – £500, regular £30 a month.Investment split: UK fixed interest – 20 per cent including M&G corporate bond 5 per cent, Henderson preference & bond 5 per cent, Aberdeen Prolific fixed interest 10 per cent. […]

IFAs angry over CGU launch

Frustrated IFAs were unable to deal with the newly-launched CGU after they were left without forms to send new business and email and internet site failed to work.CGU entered the market in a £13m media blitz. It is aiming to become a top-three IFA market player.But brokers are unhappy about how CGU has dealt with […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment