Adviser investment company picks for clients' ISAs

To make the most of this year's £20,000 allowance, the Association of Investment Companies (AIC) says advisers may want to consider investment companies for clients' stocks and share ISAs, thanks to their strong long-term performance and income advantages. "Investment companies can form a valuable part of an investor's ISA portfolio whether they are looking for growth, income or a combination of both," says AIC communications director Annabel Brodie-Smith. "Their closed-ended structure allows fund managers to take a long-term view and investment companies' ability to use gearing - borrow...