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Aberdeen takes a tax-free trek

Aberdeen Investment Trusts has introdcuced the European high income individual savings account (Isa) for investors who are looking for tax-free capital growth and a high level of income.

The Isa provides investors with income at eight per cent a year and invests in two Aberdeen investment trusts – the European growth & income trust and the European monthly income trust. Clients can choose to invest in just one of the trusts or a combination of both.

The European growth & income trust has two portfolios. The growth portfolio invests mainly in blue-chip companies but it also has exposure to the technology sector. The income portfolio is made up of fixed interest securities.

The European monthly income trust also has two portfolios. The growth portfolio invests in European stocks and shares and the income portfolio consists of corporate bonds and other high yielding securities.

The European market is currently flavour of the month. However, investors should be aware that the value of their investment could fall if the euro currency is devalued.

Both Aberdeen investment trusts were introduced in 2000 and do not have one-year past performance. But according to Standard & Poor&#39s, both trusts are top quartile based on £1,000 invested on a bid to bid basis with income reinvested over three months toFebruary 14, 2001.

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