Gartmore is offering a charge-free Isa wrapper on its global growth English & Scottish investment tr...
Gartmore is offering a charge-free Isa wrapper on its global growth English & Scottish investment trust until 5 April 2001.
The Gartmore ISAit is the individual savings account for investment trusts and allows lump sum or monthly investments.
The offer is only available to those investors taking the lump sum option in the trust and is available for the remainder of the tax year.
Beneficiaries of the offer will have the initial charge, usually 3%, waived in full. There will, however, still be a stamp duty charge of 0.5% on the trust.
The investment allows freedom from income tax on dividends and capital gains tax on realised profits. There is a minimum lump sum investment of £3,000 and a maximum of £7,000.
Ian Overgage, marketing manager at Gartmore said: "The trust's investment strategy is to achieve capital growth from active investment across the globe.
It offers international exposure without excessive risk. The top 10 holdings in the trust's portfolio include Vodafone, GlaxoSmithKine, BP Amoco and Lloyds TSB."
The English & Scottish investment trust is managed by Brian O'Neill and invests in international growth stocks. For the 12 months to the 30 January 2001 the trust has returned 19.2% and 38.1% for the three-year period to the same date.
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