Sales of investment trust ISAs rose by more than a third in the last tax year, according to data pu...
Sales of investment trust ISAs rose by more than a third in the last tax year, according to data published by the Association of Investment Trust Companies.
Investment trust ISAs increased from £152.1m for the period 1999/2000 to £206.7m for the tax year 2000/1.
AITC communications director Annabel Brodie Smith said: "It is very encouraging that there has been such a substantial increase in our year-on-year sales figures. I believe that this is due in part to the 'its' campaign and the hard work of the investment trusts and their managers in communicating the benefits of investment trusts, and the excellent long-term performance of investment trusts.
"Although markets have been volatile, the message remains the same - every equity investment is for the medium to long-term. Investors should consider taking the ISA plunge now by investing regularly and gaining all the benefits of pound cost averaging tax-free."
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation