Ready to dip a toe in stock market based Isas, but don’t know which to choose?
Until now, savers have been able to invest £5,200 a year into Isas, of which a maximum of £3,600 can be held in cash. Those aged 50 or over can now save twice this amount. Provided your 50th birthday falls before April 5 this year, you can invest £10,200 into an Isa, of which £5,100 can be in cash.
Younger savers and investors can take advantage of these increased limits from April 6 this year.
So we have asked some leading financial advisers and investment experts for their preferred funds this year. ......
...... Steve Wilson, a financial consultant at Alan Steel Asset Management, tipped M&G Global Basics as a good Isa for growth and said “Graham French, the fund manager, seeks to invest in companies that benefit from the demand from the emerging consumer and offers a different play on the China story with many of his stocks US-based.”
For those looking for an income fund, one manager stands head and shoulders above the rest. Neil Woodford, the manager of Invesco Perpetual's Income funds, was recommended ......
Mr Wilson suggested Invesco Perpetual Distribution with a current yield of 6.4pc.
He said: "This fund is more of a cautious managed fund and offers a mix of equities and corporate bonds. The talented Neil Woodford manages the equity portion, with Paul Causer the crop bond part. The two combine to provide an excellent yield for the lower risk investor. ......
Quote courtesy of The Telegraph
Saturday 20 March 2010.
An edited version of this also appeared in Telegraph.co.uk
on Wednesday 17 March 2010
