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AIB Govett waives initial charge in sales bid

AIB Govett is waiving the one per cent initial charge on its investment trust saving scheme.


The offer is available to all new investments made before December 31. The half per cent Stamp Duty payable on share transactions will remain in place.


The scheme offers trusts such as Asian Recovery and Enhanced Income, which require a minimum £25 monthly investment.

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Value remains within European equities

By Rob Burnett, Neptune European Opportunities Fund

In recent months, investors have become more pessimistic about both the European and the US economic outlook and yet stockmarkets have pushed on to new highs. Some would argue that this is a worrying divergence. We would take the opposite view. This appears to be classic bull market behaviour. A wall of worry has been rebuilt, and stockmarket resilience should be taken as a sign of strength. The market is discounting an improving economic outlook ahead, particularly in the south of Europe.

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