Edinburgh Fund Managers is trying to raise the profile of its InvestIT for Children Savings Plan wit...
Edinburgh Fund Managers is trying to raise the profile of its InvestIT for Children Savings Plan with IFAs with a media campaign to remind intermediaries about the opportunities for marketing products for client's children or grandchildren.
The group believes there are opportunities for advisers to generate extra income through marketing products such as investment trust savings plans and it could result in bringing through a new generation of clients.
It is backing up its media campaign with figures on the returns of its three most popular investment trusts, Edinburgh Investment Trust, Edinburgh US Tracker, and Dunedin Income Growth.
According to the company, a £1,000 lump sum invested 18 years ago on 1 October in the Edinburgh Investment Trust would have grown to £13,539. In the Edinburgh US Tracker that sum would have become £15,376.
In the Dunedin Trust it would have become £15,375.
Lesley Drummond, marketing manager at Edinburgh, said: "Parents and grandparents may have slightly different savings goals for their children or grandchildren but all want to ensure that their offspring will have security as they enter adulthood."
There are two ways to invest in the scheme depending on when the investment returns need to be accessed. Either through the Designated Account, which can be accessed before the child is 18, or the Trust Account which becomes available to the child at 18.
At the same time the group is also planning to run a series of nationwide roadshows early next year to promote funds including its UK large and small cap portfolios.
The seminars start off in Edinburgh with a breakfast on 8 January 2001. The last seminar takes place in London on the afternoon of 11 January. Speakers will include Graham Campbell, head of the UK large cap desk at Edinburgh and Alistair Currie, head of UK small caps.
Other venues for the roadshow include Glasgow on 8 January and Newcastle, Wetherby and Manchester on 9 January. On 10 January there will be seminars in Nottingham, Birmingham and Leicester while the other venues on 11 January will be Norwich and Cambridge.
Edinburgh UK Smaller Companies is managed by Currie and has an frAA rating.
It is ranked second out of 69 in the UK Smaller Companies sector over the three years to 8 November on growth of 219.1%. Over one year the fund is third out of 75 on growth of 85.6% and is fifth out of 77 over three months on growth of 7.4%.
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