F&C's Peter Hewitt discusses why investors should start looking more closely at zeros.
Things have been pretty quiet in the zero dividend preference share market over the last few years, but in 2009 the pace of issuance picked up and this trend is set to continue into 2010. So is it time for investors to look again at zeros? And what could a holding in zeros do for an investor’s portfolio? First things first A zero dividend preference share is a class of share issued by an investment trust. It is part of a ‘split capital’ structure, where the trust has different classes of shares to meet different investor objectives. There were several issues of zeros in the secon...
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