SVM Asset Management has launched a new child savings scheme that will give parents and grandparents the chance to invest in the firm's two flagship investment trusts.
The SVM Savings Scheme for Children, available through IFAs or directly, will provide access to the SVM Global Fund plc and SVM UK Active Fund plc from as little as £25 a month. The Edinburgh-based independent fund management group said that because both trusts have a strong long term performance record they are perfect for the competitive child savings market. According to SVM statistics, £25 a month invested in SVM Global since 1991 would now be worth £14,904, compared to just £5,069 if an investor had opted for a cash savings account. A £25 monthly investment in SVM UK Active...
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