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IMA offers savings guide

The IMA is offering a factsheet to promote savings plans for people looking to build up a capital sum.

The leaflet, Monthly Savings – A Guide to building up Capital in Investment Funds, sets out the ways in which savings plans can effectively offset the risks of stockmarket volatility. It points out that regular instalments mean than investors do not put all their money into the market at the wrong time.

The IMA says saving £50 a month in a UK all companies fund with net income reinvested started 10 years ago would now be worth £8,683.

Head of communications Clare Arber says: “Invest-ment fund savings schemes are a highly efficient way of saving for the long term, particularly for investors with limited resources. With just a small monthly outlay, a sizeable capital sum can be built up over time. Further-more, regular savings not only reduce the effects of market fluctuations but can also be a benefit when markets fall, helping investors acquire units at a lower price.”

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