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Framlington rolls out best of British Isa

Framlington is kicking off this years Isa season with the launch of its Best of British Isa.

The new Isa combines two of Framlington&#39s leading UK funds, its UK growth trust and UK smaller companies.

Framlington has launched the Isa as it believes the UK represents one of the most robust economies in the world due to its low inflation, unemployment and interest rates.

Investors can choose the amount of investment they wish to be allocated to each fund, although standard allocation will be 80 per cent to UK growth and 20 per cent to UK smaller companies.

All lump sum investments into the Best of British Isa qualify for a 1 per cent discount on the initial charge, while those investing their maximum £7,000 allowance will be offered next years version free of initial charges.

The UK growth trust has an initial charge of 5 per cent and an annual management charge of 1.5 per cent. The UK smaller companies fund has an initial charge of 5.25 per cent and an AMC of 1.5 per cent.

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