Murray Johnstone investors can now buy shares through Aberdeen wrappers
Murray Johnstone's range of investment trusts and closed end funds are to be available through the Aberdeen Investment Trust Plan wrappers.
The Aberdeen wrappers, which will supersede the previous Murray plans on 24 August 2001, include a share plan, a low-cost nominee account, an investment trust Isa and investment trust Pep plan.
Murray Johnstone and Aberdeen plan holders are being advised of the changes to their terms and conditions and the range of investments open to them. The participating Murray investment trusts are: Murray International Trust, Murray Income, Murray Emerging Growth & Income, Murray Global Return, Murray Extra Return Investment Trust, Murray Japan Growth & Income, and Murray TMT.
The Aberdeen plans include low cost dealing as shares purchased or sold are undertaken without brokerage commission at best price, there are no annual management fees for the Aberdeen share plan, and the maximum annual management fee is capped at £100 a year.
Investors may also invest in a maxi or mini Isa.
Other benefits available to investors are that from 24 August 2001, once the plan account has been opened, shares will be bought daily on receipt of a cheque, and twice yearly statements will consolidate both Aberdeen and Murray Investment trusts.
Each participating Murray trust has its own website that can be accessed on www.murrayinvtrusts.co.uk.
The websites publish daily performance statistics, weekly stock market commentary, monthly fund comments and the latest annual and interim reports.
The additions of the Murray investment trusts now means there are 33 investment companies in the UK and Channel Islands that are available through the Aberdeen plans, the full list can be accessed on www.invtrusts.co.uk.
Aberdeen is also keen to provide the same terms for existing plan holders of the Ivory & Sime British Empire Securities and General Trust, which became part of the group's stable last month, within the existing Aberdeen share plan.
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