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Big adventure for Credit Suisse

Investors have just over two months to use their individual savings account (Isa) allowance for the 2000/2001 tax year and this has prompted Credit Suisse Asset Management to introduce its trans-adventure Isa.

Investments into the Isa are divided equally between two Credit Suisse Asset Management funds – CSAM global post venture capital fund and CSAM transatlantic fund.

The transatlantic fund invests in US stocks and shares which the company sees as a good prospect since interest rates were recently cut in an attempt to stabilise the US economy. The post-venture capital fund invests in post-venture capital stocks around the world. These stocks tend to be developing companies in sectors such as technology, healthcare, financial services and telecommunications. These can be bought cheaply when undervalued and then sold at a higher price.

However, investors must be prepared to take medium to high risks. The US may be risky at the moment, especially if there is a recession, and post-venture capital stocks – particularly in technology – can be volatile.

According to Standard and Poor&#39s, the CSAM transatlantic fund is ranked 7 out of 79 funds based on £1,000 invested on a bid to bid basis with net income reinvested over three years to January 29, 2001.


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