Insight Investment is offering the Insight Investment focus plan, an Isa that enables investors to focus on income or growth.
The Isa provides access to a range of six Insight funds - three are available for growth and three are for income. This is designed for investors who currently have underperforming funds and who are reviewing their existing Isa arrangements.
Income investors can choose the Insight Investment's equity high income, monthly income and global bond funds. The equity high income fund invests mainly in the UK blue chips across sectors such as financials and consumer goods. The monthly income fund invests 70 per cent in equities and the remainder in bonds, while the global bond fund invests globally in government bonds.
Growth investors can choose Insight Investment's UK discretionary fund, UK select opportunities fund and European discretionary fund. The UK discretionary fund invests in between 60 and 80 stocks across sectors such as financials, cyclical services and consumer goods. The European discretionary fund takes a similar approach but invests in Europe excluding the UK. Finally, the UK select opportunities fund invests mainly in medium and smaller-sized companies.
This Isa is a package of Insight's existing funds, but the emphasis is mainly on the UK with some diversity across Europe. The only global fund available is the global bond fund. However, a recent survey by Jupiter found that most Isa investors are sticking with the UK and many are investing for income, so this product could be ideally placed for what is likely to be a slow Isa season.