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UK investment trusts fill new PIE
Wednesday 3rd of October 2007
According to Malcolm Davie, First NZ Capital portfolio manager, the new Global Equity Fund, which was released on Monday as the PIE rules came into force, would invest into between six to eight underlying investment trusts at any one time.
Davie said while the PIE regime, which could make UK listed investment trust less tax-effective for some direct investors, has created a demand for the ne...
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