Marlborough Fund Managers is to offer Isas on its fund range from the end of January, writes Jenne M...
Marlborough Fund Managers is to offer Isas on its fund range from the end of January, writes Jenne Mannion.
The front-end charge on Isas is 4%, of which 3% is payable as IFA commission. The annual charge varies between funds but is around 1.5% in most cases.
Geoff Hitchin, chief executive at Marlborough, said under the Isa Marlborough would accept minimum monthly contributions of £50 or lump sums of £1,000 on its seven unit trusts.
These include the Marlborough UK Equity Growth, UK Equity Income, Managed Trust, Bond Income, Balanced Growth, Equity and Bond Income and International Equity funds.
Among the better performing of Marlborough's funds are the £7.2m UK Equity Growth fund, managed by Michael Barnard of MD Barnard & Co. It is ranked 13 out of 274 funds in the UK All Companies sector over three months, ninth of 255 funds over one year and 10 out of 220 funds over three years.
The £2.7m Marlborough International Equity fund, managed by Mark Whittaker of Hargreave Hale, is ranked 17 of out 151 funds in the global growth sector over three months, 54 out of 146 funds over one year and 94 out of 123 funds over three years.
Within the global bond sector, the £8.8m Marlborough Managed fund, managed internally by Geoff Hitchin, is ranked eighth of out 49 funds over one month, 17 of 38 funds over three months and first from 32 funds over three years.
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