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Record premium is Exeter's carrot

Ian Henderson's company mines a rich seam, setting up investment trusts which invest in investment trusts

A record 210 basis-point premium for investment trust zero dividend stock against equivalent gilts is being used by Exeter Investment Group as a carrot to win institutional clients.

Exeter is setting up an open-ended investment company (oeic) to invest in zero dividend preference shares promising a capital gain of 8.2% over seven years.

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