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Edinburgh works for children&#39s future

Edinburgh Fund Managers is encouraging investors to save money for their children and grandchildren&#39s future through its dealing service for children.

This savings plan enables clients to invest in a full range of 15 Edinburgh investment trusts, ranging from Edinburgh high income zero to Edinburgh US tracker.

They can do this in two ways. If they need access to their investment before the child reaches the age of 18, they can use the designated account. Alternatively, it can be set up as a trust account which can only be accessed by the child when they reach 18.

The designated account might be suitable for school fees planning or nurturing children&#39s talent in areas such as sport or music.

The trust account would have a different purpose and would be more suitable at a later stage, when the child is going to university, buying their first flat or getting married.

There is a minimum investment of £20 a month for each investment trust and clients can choose to invest in as many as they want. It means they can build a portfolio which spreads the risks over different areas, although it is only invested with one management group.

Of the 15 trusts, seven are top quartile performers over one year to November 20, 2000.

According to Standard and Poor&#39s, the Edinburgh UK tracker investment trust is ranked 13 out of 21 trusts based on £1,000 invested on a mid to mid basis with net income reinvested to November 20, 2000.

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