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Investment trust Isa purchases increase by 2 per cent

The total purchases of investment trust Isas increased 2 per cent in 2004 to 62.33m from 60.96m in 2003.

The global growth sector was the most popular sector with investment trust Isa investors in the last quarter of 2004, accounting for 32 per cent of purchases, some 5 per cent of which were through financial advisers. The UK growth sector, with 14 per cent of purchases, was second most popular, and the UK growth and income sector, with 13 per cent of purchases, came third.

Overall, 9 per cent of investment trust Isa purchases were through financial advisers in 2004. The total market cap for investment trust Isas at December 31 2004 was 490m.


F&C picks US managers for large cap

The 2.25bn Foreign & Colonial investment trust is putting US-based fund managers to run its larger cap portfolio in the US, in response to poor performance. The North American portfolio, which accounts for 23 per cent of the trusts overall assets, returned just 1.1 per cent in 2004 compared to the FTSE North American index […]

Retitrement is not an option

The spectator sees more of the game than the players and that has certainly been my experience over the last month or two. Following the sale of Charcol, for the first time in 15 years, I had time to sit back before deciding what direction I wanted my career to take.

Auto-enrolment: tips for employers

The Pensions Regulator (TPR) has released advice on communications for employers, including three tips to help you with your auto-enrolment duties. 1. Allow enough time to select your pension schemeIt’s recommended that you start to prepare for auto-enrolment at least 12 months in advance of your staging date; additionally, give yourself time to choose the […]


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