Personal Finance: Loose Change

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Indy Lifestyle Online
JUPITER ASSET MANAGEMENT, the fund management house and ISA provider, is planning to launch a new split capital investment trust which is going to be be sponsored by HSBC (into which the old Midland Bank has been incorporated)

The capital of the Jupiter Dividend & Growth Trust will be comprised of ordinary income shares - which are expected to yield in the region of 9 per cent interest a year - zero dividend preference shares - with a projected yield of 8.6 per cent - and a fixed bank rate loan. Investors can subscribe through Jupiter's Mini or Maxi ISA (individual savings account) programmes. The launch period will be 7 October to 18 November, and the trust will have a planned life of six years.

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