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Framlington offers best of British Isa opener

Framlington is starting the Isa season with the launch of its Best of British Isa.

The Isa combines two of Framlington&#39s leading UK funds – UK growth and UK smaller companies. It believes the UK represents one of the most robust economies in the world due to low levels of inflation, unemployment and interest rates.

Investors can choose the investment for each fund. The standard allocation is 80 per cent growth and 20 per cent smaller companies.

All lump sum investors into the Isa qualify for a 1 per cent discount on the initial charge. Those investing the maximum £7,000 will be offered next year&#39s version free of initial charges.

UK growth has an initial charge of 5 per cent and annual 1.5 per cent. UK smaller companies has an initial charge of 5.25 per cent and annual 1.5 per cent.

UK growth trust manager Chris Murphy says: “The UK is one of the world&#39s most important stockmarkets and should form a core holding for every Isa portfolio. It has many of the world&#39s major companies and is recognised as a centre of excellence for smaller, more specialist firms.”

UK smaller companies manager Roger Whiteoak says: “The UK continues to breed excellent smaller companies capable of being world beaters. I aim to exploit the growth potential from a portfolio of the best small companies.”

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