View more on these topics

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.

Recommended

IFAA appoints Borwick to head LTC working party

The IFA Association has announced that Margaret Borwick is to become chairwoman of its long-term care working party.Borwick has been an IFA since 1994. She runs Durkadale Professional Financial Planning based in Haslemere in Surrey. She will replace Martin Telling who is to devote more time to his other business interests.

Invesco launches ISA range

Invesco is launching both mini and maxi ISAs in April that will include cash and stocks and shares components.The GT Money Fund which has a cash component will not be Cat-marked and has a maximum investment of £3,000.It has an initial charge of 5.25 per cent. IFA commission is 3 per cent and renewal commission […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment