Aberdeen Unit Trust Managers is offering a 1% discount on investments in its entire Isa range. The...
Aberdeen Unit Trust Managers is offering a 1% discount on investments in its entire Isa range.
The discount, which applies to the 27 unit trust and Oeic funds in Aberdeen's Isa portfolio, is available for the whole of the 2002/2003 tax year. The minimum lump-sum investment to attract the discount is £500 and investors must put money into an Aberdeen Isa before 5 April this year to get the benefit of a discount next year, as well as this year's discount.
Gary Marshall, managing director of Aberdeen Unit Trust Managers, said: 'Although this Isa season is unlikely to break records, one area that is attracting a great deal of attention is corporate bond funds and we are witnessing strong demand for both our Fixed Interest and Sterling Bond funds. We believe corporate bonds offer value at the present time with the outlook for corporate credit positive.'
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l Baillie Gifford is putting a 1% discount on Oeic and Isa investments in its British 350, European, American and corporate bond funds until the end of the tax year.
This coincides with a plan by the group to run a series of presentations by managers of the funds to promote Baillie Gifford's expertise in these areas.
Ken Edwards, sales and marketing director at the group, said: 'We already have a great reputation as a manager of Japanese and American Oeics, having won a share of between 2- 3% of the intermediary market for these funds in 2001. However, while we are happy with the business we take from the niche areas, we must piggy-back on the strength on our UK and European institutional mandates, and convey this message to the retail market.'
Out of total funds under management of £20.8bn at 31 December 2001, Baillie Gifford manages £14bn in the mainstream UK and European markets on behalf of institutional, pension, investment trust and Oeic clients.
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