Murray Johnstone is waiving the initial 1% charge into its investment trust Isa for shares purchased...
Murray Johnstone is waiving the initial 1% charge into its investment trust Isa for shares purchased in Murray International and Murray Income until 30 September.
The minimum investment into the Isa is £3,000 as a lump sum or £100 as a regular monthly contribution. Intermediaries will still be able to drawdown 3% initial commission from their clients' investment and 0.5% renewal.
Geoff Burns, head of investment trusts at Murray Johnstone, said: "Too often we see investors leaving their Isa investment to the last minute hoping to catch a trough in the market. However, being out of the market for a potential 10 months can have a serious impact on returns. For instance over the last 10 years the largest capital return on the FTSE All Share over 10 months was 30.6%."
Risk to retail investors
Joined as head of strategy, multi asset, in June
Group income protection