J.P. Morgan Asset Management is cutting its initial charge on all lump sum investments in its investment trust ISAs when purchased online.
The offer, which runs until 30 April 2010, applies to all 19 investment trusts managed by JPMAM, for 2009/2010 and early bird 2010/2011 ISA allowances.
Investors can take advantage of the offer by visiting the company's recently launched online wealth management service, J.P. Morgan WealthManager+, through which all of its investment trusts can be purchased.
The UK‘s largest investment trust manager is also offering investors who chose to invest offline an initial charge of 0.5% on all lump sum ISA investments in their ITs, with free switching and ISA transfers also available.
"Using your ISA allowance remains one of the best ways of building long- term savings," head of investment trusts David Barron says.
"If you had utilised your full ISA allowance each year from 1999 to 2009 and invested in JPMorgan Indian Investment Trust, for example, the value of the ISA would be £262,000.
"In addition, the increased ISA allowance of £10,200, which can be invested as a lump sum or through regular savings of up to £850 per month, is a welcome opportunity to put more money into equities in a tax efficient way."
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