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EFM pushes investment trust Isas to counter ACT change

Edinburgh Fund Managers is advising investors to put their cash in investment trusts to beat the cuts in advance corporation tax credits.

The fund manager says investors should buy now because many shares in investment trusts are trading at a price below their true net asset value, enhancing the potential return.

EFM points out its Dunedin Income Growth Investment Trust&#39s yield of 2.47 per cent improves to 2.8 per cent because the underlying shares are currently discounted by 2.8 per cent.

And the return is further improved to 3.12 per cent for those who purchase the trust through an Isa because they can claim back a 10 per cent tax credit until 2004.


Premier discounts smaller companies fund

Premier Portfolio Managers is offering its Isa investors a 1 per cent discount on its UK Smaller Companies Fund until July 1.The fund which is celebrating its first anniversary has returned over 17 per cent since its launch.The fund&#39s objective is to achieve long term capital growth through investment in smaller companies, as defined by […]

Wesleyan publishes its annual review

Wesleyan Assurance has announced 29 per cent increase in annual premium income for 1998 in its annual review.In the review, the mutual life office details how the total value of life and pension funds rose by £227m to exceed £2,800. Investment income also grew by £16m to £123m for the year.Its home loan mortgage book […]

Fixed rate mortgages take a tumble

Sales of fixed rate mortgages continue to fall according to figures from the Council of Mortgage Lenders.Reseach by the CML shows fixed rate sales as a percentage of all new loans declined to 36 per cent in April from 39 per cent the previous month.But the Council predicts this downward slide would come to an […]

Leeds & Holbeck launches limited edition bond

Leeds & Holbeck Building Society is launching a three-year, fixed-rate bond with a gross rate of 6 per cent.The minimum opening balance is £100 but investments can be made up to £250,000.

Europe: Volatile share prices create opportunities for long-term investors

Mark Page and Laurent Millet, managers of the Artemis European Opportunities Fund, look at why, how and where fluctuations in European markets can generate opportunities for their fund. When asked what the stock market would do next, John Pierpont Morgan is reported to have replied that “it will fluctuate”. His (apocryphal) answer proved accurate. Over […]


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