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Witan Investment Services is extending its free share dealing period until 30 April 2010* enabling all investors to take advantage of new ISA limits. Under current legislation only those aged 50 and over can invest up to £10,200 in a stock and shares ISA: from 6 April this limit will apply to all investors aged 18 and above. During the offer period Witan Investment Services will waive share dealing charges, usually levied at 1%, on all new lump sum ISA investments into Witan and Witan Pacific Investment Trusts**.
The increased allowance of £10,200 make ISAs a compelling proposition for those looking for a tax efficient means of gaining exposure to equities. Investors in Witan, the £1.1bn global growth investment trust and Witan Pacific, the £139m Asia-Pacific (inc Japan) investment trust, will make savings equating to £102 by taking full advantage of these increased limits during the free share dealing period.
Both Witan and Witan Pacific employ multi-manager structure, an approach that selects best-of-breed managers to offer the potential for consistent long-term returns whilst minimising risk through the use of complementary geographical, sector and stock picking techniques. Furthermore, with TERs of 0.71% and 0.9% respectively Witan and Witan Pacific offer cost-effective means of accessing markets on a global basis.
One of the oldest and largest global investment trusts, Witan gives investors access to a portfolio of managers, cherry-picked from around the world. With its reputation for longer term growth the Trust makes an ideal choice as a core holding within a balanced investment portfolio.
Witan Pacific Investment Trust employs the complementary investment strategies of managers Aberdeen Asset Management and Nomura Asset Management aimed at minimising volatility and enhancing overall returns to shareholders against its benchmark. The Trust invests on a whole of Asia including Japan basis providing a practical solution for investors seeking to outsource asset allocation decisions across all Asian markets.
Investors seeking further information on Witan or Witan Pacific Investment Trusts should call 0800 082 81 80 or visit www.witan.com.
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Eleanor Mitchell / Hugo Mortimer-Harvey
Witan Investment Trust plc
Tel: 020 7758 2240/ 2234
Tel: 020 7227 9773
NOTES TO EDITORS
*This offer applies to lump sum postal and telephone investments only – online investments will incur the normal flat £15 transaction fee. Completed postal and telephone applications must be received by close of business on Friday 30th April 2010.
** Investors will only be charged the mandatory 0.5% Government Stamp Duty.
Witan Investment Trust plcEstablished in 1909, Witan is one of the UK’s largest investment trusts, managing some £1.1bn (as at 30.11.09, source AIC) on behalf of some 40,000 investors. Witan is listed in the ‘Global Growth’ sector.
Witan Investment Services Limited is a wholly owned subsidiary of Witan Investment Trust plc.
Registered as an Investment Company in England No 101625.