Forum Archive Index - May 2001

["Dannie Hawkins" <dannie@es.co.nz>]

Dear Gerry

 

Thanks for your reply.

 

There is also a middle ground called OEICs (are they a pig of an investment?)

Apparently they get the same tax advantage as investment trusts, but always trade at asset backing. The disadvantages are the old boggies of entry fees and higher management charges.

 

But then all advisors get paid in one way or another. Do your broker friends make any brokerage when clients buy/sell investment trusts?

 

If Investment trusts are traded, there is technically still a liability for any capital gain to be taxed - lets face it, few can be buying for dividend yield (income).

 

Regards

 

Dannie