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Trusts move towards open architecture

A new trend towards open architecture is set to sweep through the investment trust sector, says the Association of Investment Trust Companies.

It believes increasing numbers of investment trusts will change their structures in a bid to become more competitive.

Communications director Annabel Brodie-Smith thinks firms will move to an open architecture structure that allows clients to have access to one investment trust with separate product providers and fund managers interacting within it.

The £1.3bn Witan trust announced its new open architecture structure this week.

Brodie-Smith says: “I think this is a very innovative move. There is going to be a lot of attention on its performance and gradually a shift towards more open architecture trusts. It is the start of a new trend.”


Singer & Friedlander Cs an opportunity

Singer & Friedlander is offering C shares in the Singer & Friedlander Aim 3 venture capital trust. This VCT was established in 2001,raising £32.99m, It followed the original Singer & Friedlander Aim VCT in 1998 and the second Aim VCT in 2000. The range of three VCTS allows Singer & Freidlander to make larger investments […]

Singer & Friedlander Investment Management – Singer & Friedlander Aim 3 VCT C shares

Type: Venture capital trust Aim: Income and growth by investing initially in gilts and other fixed-interest securities, then mainly in Aim companies Minimum investment: Lump sum £5,000 Closing date: March 31, 2005 for 2004/2005 tax year, April 29, 2004 for 2005/2006 tax year Charges: Initial 5%, annual up to 3% Commission: Initial 2.25%,renewal 0.375% Tel: […]

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We&#39ve got your slumber

There was not much sleeping done by any-one at the recent Senate Conference in Monte Carlo so when Isis fund manager Richard Philbin found himself waiting for transport to Nice Airport, he decided to catch 40 winks at the bus stop. Within seconds, Richard, “famous” after his appearance in the Isis ad campaign, was happily […]


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