Credit Suisse Asset Management is offering a 2% discount on its market-leading monthly income fund b...
Credit Suisse Asset Management is offering a 2% discount on its market-leading monthly income fund between now and April 5, 2002 in a bid to attract savers who want better returns than those offered by a building society.
Ian Chimes, Managing Director Credit Suisse Asset Management Funds (UK) says many savings accounts are likely to offer low interest rate returns at present, because of the low base rate, yet savers who would normally deposit their cash into a building society often overlook income funds, which in their case could have capital growth of 150%.
"Over the last nine years, Credit Suisse Monthly Income Fund has provided more than double the average monthly income from an average building society account as well as capital growth of almost 150%. Who says you can't have your cake and eat it?"
Manager of the monthly income fund, Bill Mott, is currently ranked 1st out of 84 managers by Standard & Poor's Micropal, as the fund has returned capital growth of 36.61% since March 20, 2000.
His income fund also places him ranked 2nd out of 84 managers with capital returns of 35.73% in that same period.
Even without taking into account capital growth potential, CSAM says its monthly income fund provides an income of £417.21 per yea on an initial investment of £7,000, more than double the income of the average building society account at just £191.82 per year.
So Credit Suisse is offering a 2% discount on lump sum Isa investments into either the Monthly Income or the Income Fund, reducing the initial charge on the Funds to 3.25%.
Annual management charge on both funds is 1.20% and minimum lump sum investment is £1,000.
For more information, click thru the right-hand link.
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