Aberdeen Unit Trust managers has extended the 1% Isa discount available on Paul Reed's Aberdeen Fixe...
Aberdeen Unit Trust managers has extended the 1% Isa discount available on Paul Reed's Aberdeen Fixed Interest and Phil Roantree's Aberdeen Sterling Bond unit trusts until 5 April 2002.
As well as extending the discount on the two funds, Aberdeen has decided to include the Aberdeen High Yield Bond unit trust, also managed by Reed, in the package. The discount applies to lump-sum Isa investments and reduces the initial charge on the three funds from 4.25% to 3.25%. The annual management charge on the funds is 1.25% and the minimum lump-sum investment £500.
Managing director at Aberdeen, Gary Marshall, said the company had decided to extend the offer due to demand for income and continued nervousness about equity investment. He added that the Sterling Bond fund is the only corporate bond fund to hold a AAA rating from both S&P Fund Research and Forsyth-Old Broad Street Research.
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