Pop it in a PEP and avoid paying tax

Article Abstract:

Investment trusts are a very good vehicle through which to start a personal equity plan (PEP). Investors have access to an extensive portfolio of shares which is professionally managed and offers long-term growth prospects. Investment trusts can have more administrative costs than unit trusts, but offer lower charges. Many investment trust PEP managers charge up to 1%, sometimes placing a ceiling on the amount an investor will be charged. In contrast, unit trusts make annual management charges of between 3% and 5%.

Product information, Investments

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Changes will add up to clearer fund results

Article Abstract:

The UK Association of Unit Trust and Investment Funds will from May 1, 1999, make changes to definitions used in the sector. This should make it easier for investors to compare the past performance of funds. The organization is also seeking to persuade regulators that fund managers should incorporate details of which sector the fund belongs to in annual and half yearly reports. The new tables will make a clear differentiation between growth and income funds, with funds also being split between UK and international.

Financial management

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Richard and Nicola, place your bets

Article Abstract:

Virgin's Richard Branson entered into a 6,000 pounds sterling bet in 1998 with Nicola Horlick of SocGen Asset Management that Virgin's FTSE All Share tracker fund would perform better than Horlick's UK growth fund over a three-year period. After one year, the Virgin investment is worth around 6,033 pounds sterling, while the SocGen fund is worth 5,612 pounds sterling. Recent statistics indicate that most active managers do not succeed in outperforming the market.

Comment:

Has reported that its FTSE All Share tracker fund is valued at about 6,033 pounds sterling

Sales, profits & dividends, Scheduled Air Transportation, Intnl & Territorial Air Service, Air Transportation, Scheduled, And Air Courier Services, Management, Finance, Airlines, Virgin Air Inc.

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