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Framlington selects best of British

Framlington has designed the best of British Isa, which invests in the Framlington UK growth trust and UK smaller companies fund.

Investors can choose how the split their investments between the two funds, but the standard option is 80 per cent in the UK growth trust and 20 per cent in the UK smaller companies fund.

The UK growth trust aims to produce growth by investing in large and medium capitalisation companies in the UK. It is made up of around 55 to 65 stocks which will be selected if they show above average profitability, good growth prospects and have good quality management.

The Framlington UK smaller companies fund also aims for capital growth invests in a portfolio of smaller companies in the UK, which are researched with the aid of brokers and analysts. Sectors include property, retail, healthcare, electronics and aerospace.

The UK is an attractive place to invest as it has suffered less than some regions since the US-led slowdown impacted on the rest of the world. It is also an area that many Isa investors feel most comfortable with.

Consumer confidence in the UK has remained high following a series of interest rate cuts and there are some attractive stocks to be found among companies that appear undervalued. However, investors who want to put more than the standard 20 per cent into UK smaller companies to boost potential growth would also be hiking up the level of risk.

According to Standard & Poor&#39s, the Framlington UK growth trust is ranked 20 out of 294 funds and the Framlington UK smaller companies fund is ranked 15 out of 75 funds based on £1,000 invested on a bid-to-bid basis with net income reinvested over one year to January 7, 2002.

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