Aberdeen Unit Trust Managers has produced a free CD Rom which explains how zero dividend preference shares work.
The CD Rom gives investors details of daily prices and redemption yields on all zeros currently in issue. Aberdeen is issuing the CD Rom on the first anniversary of its Progressive Growth Unit Trust, and is offering a 1 per cent discount off the normal 4.25 per cent initial charge until September 28. The annual management fee is 1.25 per cent.
Aberdeen managing director Gary Marshall says: “Zeros are becoming increasingly popular with investors. Their low risk characteristics are ideal, particularly as an antidote to the current stockmarket volatility.”