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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.

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