Stay connected:
Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/wealth-manager/article/a356778
Invesco Perpetual lines up 'classic' split cap trust for Walker
Markets
by Dylan Lobo on Sep 09, 2009 at 15:41
Invesco Perpetual is considering launching a split cap trust for Martin Walker under a classic structure, which will see an even split between income and capital shares.
Citywire understands that 50% of the trust's capital base will be formed of capital growth shares and 50% of income shares, the preferred structure when splits were first introduced in the UK in the 1960s. The new trust will have no bank debt and no zero preference share class..
Invesco Perpetual is said to be targeting a yield of 10% from the income shares.
According to broker Winterflood Securities, there are only two split caps on the market which have an even split between income and capital and no exposure to zeros, JPM Income and Growth and Rights & Issues .
Invesco refused to comment on its plans for the trust.
Martin Walker runs a number of mandates at Invesco Perpetual, including the open ended Invesco Perpetual UK Growth fund .
News sponsored by:
Subscribe to Wealth Manager to get the inside track on your rivals' moves
Keep up to date with how your peers are allocating their clients' assets by subscribing to Wealth Manager magazine.
Today's top headlines
More about this:
Look up the funds
Look up the investment trusts
Look up the fund managers
Archive
Aberdeen Live supplement: Fundamentals point to ongoing flows and solid returns from EMD
After a record year for inflows and market-leading performance in 2012, emerging market debt has taken a large step towards the mainstream. Our recent debate covers the outlook for the asset class this year and where opportunities can be found.
On the road
Click here to find out more from the Audience Development team.
Sponsored Video: J.P. Morgan Elect on growth, income and cash
J.P. Morgan Elect on investment growth, income and cash. More information on J.P. Morgan investment trusts.
leave a comment
Please sign in here or register here to comment. It is free to register and only takes a minute or two.