Govett Investments has launched a Guernsey-domiciled split-capital investment trust. The Govett Asian income & growth fund has been created as a rollover vehicle for the Govett emerging markets trust. Annual charge is 1 per cent and up to 3 per cent commission can be taken through Govett's trustit scheme.
Edinburgh Fund Managers is running a series of IFA roadshows following changes to the Pep rules. The roadshows begin in Edinburgh on May 14 and finish in Guildford on May 23. Other venues include Newcastle, Wetherby, Leicester, Norwich, Maidstone and Belfast.
Northern Venture Managers has extended the deadline for its Northern VCT 2 until June 28. The fund has raised £18m but is still short of its £25.4m maximum subscription level.
Rothschild Asset Management is cutting its retail offering from 10 to seven funds. Five Arrows Latin American, Europe and Asia Pacific will be ringfenced for the institutional market although existing retail investors can opt to remain in the funds. Five Arrows Euroland will be renamed Five Arrows European opportunities. The changes are subject to shareholder and FSA approval.