View more on these topics

Premier Fund Managers launches first investment trust


Premier Fund Managers has launched its first investment trust.


The Premier High Income Trust will have a split capital trust structure with two share classes, zero dividend preference shares and ordinary shares.


The trusts investment objective is to generate both income and capital fro a diversified portfolio of equities and bonds. Equities are likely to account for 70 per cent of the investments, with global bonds and split capital investment trust income shares both making up 15 per cent each.


The trust will have an expected lifespan of six years with the zero dividend shares providing a return of 8 per cent over this period. The target yield for the ordinary shares is 8 per cent a year gross.


The offer is open until May 28 and dealings are set to commence on June 7. The minimum investment is £1,000.


The annual manangment fee is 0.95 per cent.


Commission is available on investment into ordinary shares of 3 per cent initial and 0.25 per cent renewal.

Recommended

The Annuity Bureau predicts a flurry of activity

The Annuity Bureau is predicting a flurry of activity in the annuity market over the coming months.Believing there will be more activity in the next five months than there has been in the last five years.The prediction comes against the background of pensioners increasingly looking to maximise their pensions in retirement The bureau believes there […]

Wesleyan Assurance cuts bonus rates

Wesleyan Assurance has slashed its reversionary bonus rates on its unitised with-profit pension contracts from 6.75 per cent to 6 per cent.The move follows a volatile investment year which saw dividend yields on equities and yields on fixed interest stocks fall.Following industry wide trends the mutual assurer is expecting maturity values of longer term policies […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment