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Premier&#39s High Income Trust exceeds expectations


Premier Fund Managers has surpassed its expectations and raised £40m with its first venture into the investment trust market. It had hoped to raise £25m.


Its Premier High Income Trust, a split capital investment trust raised £19.5m through investments in ordinary shares, £15.4m through zero dividend preference shares. The remainder was raised through bank borrowings.


The trust aims to provide both income and capital growth through a portfolio of UK equities, fixed interest securities and shares in other split capital investment trust income shares.


The trust is expected to have a six year life span. Dealings in its shares started today.

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A bull case for US equities?

Neptune video: a bull case for US equities?

Watch Felix Wintle, head of US equities at Neptune, discuss why he believes US equities are in a structural bull market and the key factors that can drive the S&P 500 higher.

In the video, Wintle addresses the following:

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