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Special sits tops Isa sales as cash funds show strength

Cash funds are among the best-selling Isas this year along with growth and technology funds, which buck the trend towards equity income funds, according to Skandia.

Overall, cash is the seventh most popular option for lump-sum and regular-premium Isa investors going through Skandia&#39s fund supermarket multifundshop last month, with growth and tech funds also featuring in the top 10.

Perennial favourite Fidelity&#39s special situations fund is top of the list, with Jupiter&#39s income fund second. Fourth is Fidelity&#39s money builder income fund and fifth is Credit Suisse&#39s income fund managed by Bill Mott. Fidelity&#39s third fund on the list, its European fund, is eighth while Gartmore&#39s European selected opportunities fund is 10th.

Invesco Perpetual&#39s European growth fund is in third place and its income and growth fund is sixth. Henderson&#39s global tech fund, which is offering free Isa transfers through Cofunds and Skandia until April 5, is ninth.

The list alters when it is broken down into lump-sum and regular savers, with cash rising to third on the list for investors in the lump-sum category and dropping out of the top 10 for regular savers. Fidelity&#39s special situations fund and Jupiter&#39s income fund feature on both lists.

Skandia head of investment sales Angus Duncan says: “It is encouraging to see that investors who do not want to put their money into equities at the moment are using up their Isa allowance to take advantage of the tax benefits.”


Man Investment Products – Man Multi-Strategy Series 5

Monday, 24 February 2003 Type: Multi-manager hedge fund portfolio Aim: Income or growth by investing in hedge funds Minimum investment: Lump sum $ 50,000, euros 50,000 Place of registration: Bermuda Investment split: 100% in hedge funds Guarantee: 120% of capital returned regardless of performance of underlying investments Charges: Annual 3% Commission: Subject to negotiation Tel: […]

In the interim

There are times when a financial services business will need expert assistance from outside to make the most of a short-term opportunity or cope with an unexpected crisis. Here are just a few examples. A major acquisition by a national IFA firm or the merger of two networks will cause tremendous upheaval for all concerned. […]

UBS Global Asset Management – UBS UK Smaller Companies

Wednesday, 26 February 2003 Type: Oeic Aim: Growth by investing in UK smaller companies Minimum investment: Lump sum £1,000, monthly £50 Investment split: 100% in UK smaller companies Isa link: Yes Pep transfers: Yes Charges: Initial 4%, annual 1.5% Commission: Initial 3%, renewal 0.5% Tel: 0800 587 2111

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Legal & General Mortgages has cut the fixed interest rate on its equity release product to 6.95 per cent from 7.19 per cent. The rate is fixed for the life of the mortgage. Borrowers must be 60 years old or over and have a home worth at least £40,000 to qualify for the mortgage. Customers […]


School fees planning

Jeremy Pearson is Technical Support Manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. Many parents value the standard of education offered by […]


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