Picking the right ISA fund
Informed Choice chartered financial planner Martin Bamford was quoted in The Independent this weekend, in an article about selecting the right ISA fund.
With just over two weeks to go until the end of the tax year, investors are making use of their Individual Savings Account (ISA) allowances for 2009/10.
For people over age 50 by the end of the tax year, the ISA allowance was increased to £10,200 on 6th October 2009. Younger investors still have a £7,200 ISA allowance, but this increases to £10,200 from the start of the next tax year on 6th April 2010.
Within the article, Martin makes a couple of suggestions for ISA investors who are yet to select their fund choices:
Martin Bamford at Informed Choice believes those investing their ISA for the medium-term should look at a multi-asset fund, such as Jupiter Merlin Income, in order to benefit from diversification across various asset classes.
“If you can afford to take more risk with your money then emerging markets continue to offer an attractive long-term story,” he adds. “The Aberdeen Emerging Markets fund has delivered first quartile performance over one, three and five years.”
Do contact us if you need advice about your ISA investments for this tax year. Now would also be a good time to review your existing ISA portfolio to ensure the investments remain suitable, particularly after the stock market rally last year which has skewed many portfolios in favour of equity holdings.