Stewart Ivory has discounted the front end charge on all its Isas from 5% to 3% until the end of the...
Stewart Ivory has discounted the front end charge on all its Isas from 5% to 3% until the end of the current tax year, writes Jenne Mannion.
The remaining charge of 3% is IFA commission. The annual charge on the Isa varies from 1.25% to 1.5%, depending on the fund, and renewal commission for IFAs is 0.5%.
Stewart Ivory's better performing funds include the £94.5m Stewart Ivory British Fund which is ranked 31 out of 274 funds in the UK All Companies sector over three months, 50 out of 255 funds over one year and 52 out of 220 funds over three years.
That fund is managed by Martin Cobb and Marcus Brooks, who is also manager of the SAINTS investment trust.
Richard Allison, marketing manager at Stewart Ivory said: "The British Fund's performance has been achieved due to good stock picking.
Only 65% of the fund is currently invested in FTSE 100 companies, 24% in FTSE Mid 250 companies and 11% in Small Cap companies."
The Isa is also available on the £5.8m Stewart Ivory Global Opportunities fund, which has was launched in July 1999.
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