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Investment trust Isas up over year

Investment trust Isa purchases rose by 36 per cent over the last tax year, up to £206m for the 2000/2001 tax year from £152m for 1999/2000.

But investment trust Isa purchases in the first quarter of 2001 were down 27 per cent at £59 million, from £81m in the first quarter of 2000.

AITC communications director Annabel Brodie Smith says: “Although markets have been volatile, the message remains the same – equity investment is for the medium to long term.”

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