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Investec Guinness Flight offers monthly income Pep split between equities and bonds

Investec Guinness Flight is launching a monthly income Pep which splits its investment between bonds and equities.

The Pep offers the option to invest in both high rated corporate bonds and high yield equities.

The two funds in the Pep are a sterling bond portfolio trust and an income share trust.

The sterling bond trust is a AA rated corporate bond Pep trust. The trust has a running yield of 4.1 per cent. It rose 17 per cent during 1998.

The income share trust invests in high yielding equity securities, including the shares of split capital investment trusts. It also invests in fixed income securities, including junk bonds. It has a yield of 7.3 per cent, plus capital growth potential.

The income trust allows also investment in high yield equities, but is subject to equity market volatility.

Investec is offering IFAs commission of up to 4 per cent.


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