Baring Tribune investment trust has launched a low cost savings scheme offering a choice of active o...
Baring Tribune investment trust has launched a low cost savings scheme offering a choice of active or passive management.
The Tribune Trust Savings Scheme links to the underlying investment trust which includes a FTSE All Share index tracker, managed by Barclays Global Investors, or to an international equities portfolio actively managed by Baring Private Investment Management.
There is no initial charge and commission for both buying and selling shares through the scheme is 0.2%. A standard charge of 0.5% for stamp duty will be made on purchases. Annual management fees are 0.125% for the tracker shares and 0.5% for the actively managed shares.
The minimum investment in either type of share is £50 per month or a £250 lump sum. Investors can choose either type of investment or a combination of both, and from July 2000 can switch between them as desired.
Jeremy Edwards, director of Tribune, said: "This is a very attractive proposition for investors who want to drip feed money into the stock market. Furthermore the unusual structure of the trust means that people can mix their investment to suit their needs."
The scheme is Isable. For more information contact 0171 628 6000.
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