Credit Suisse Asset Management is bringing together its global post-venture capital and transatlantic funds as part of a new Isa wrapper.
The Trans-Adventure Isa will comprise 50 per cent of each fund and will be eligible for Pep and Isa transfers as well as both mini and maxi Isa wrappers.
The initial charge of 5.25 per cent has been cut to 3.25 per cent until the end of the tax year. Minimum lump sum is £3,000. The annual fee is 1.5 per cent. Commission is 3 per cent initial and 0.5 per cent renewal.
Managing director Ian Chimes says: “Isa investors have only 10 weeks left in which to use up their 2000/01 allocation and, unlike previous years, UK investors' buying patterns are proving hard to call this year. In general, the years up to 1997 were almost exclusively dominated by UK equity funds, mostly income.
“After two more years, when European funds dominated intermediary buy lists, the 1999/2000 Isa season was a frenzy of technology fund sales.
“However, calls to our helpline could now suggest an increased appetite for global funds tapping into the growth available outside the limits of Europe. Our new Trans-Adventure Isa is an ideal way to access the worldwide names that Isa investors have neglected for so long.”