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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 […]


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