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Monday 03rd of August 2009
February 24, 2009

LV= launches investment ISA trio


by David Masters
LV= launches investment ISA trio

LV= has launched a trio of new individual savings accounts (ISAs) - a Diversified Income ISA, a Balance Managed ISA, and a Stockmarket ISA.

The three ISAs have been designed to appeal to the individual needs of a range of investors depending on the level of risk they are prepared to take.

The Diversified Income ISA invests in a broad range of equity, fixed interest and alternative investment funds with the aim of producing growth and income over the long term.

The Balance Managed ISA invests in equity and fixed interest funds. It is aimed at developing long term capital growth for investors willing to accept a greater level of risk.

The Stockmarket ISA is for investors willing to accept high level risk. It aims to generate long term capital growth by investing in global equity funds.

Minimum investment in the ISAs is a £1,000 lump sum or £100 per month. The initial charge is usually 5%, but this has been reduced to 2% for customers buying online before 5 April 2009.

LV= representative Tom Caddick said: “While it is impossible to say if markets have passed the rock bottom point yet, I am confident that we will look back at 2009 as a time of great opportunity for those willing to take a long-term view.

“Staying properly diversified to spread risk, focusing on fundamentals and taking a long-term view is now more than ever the right thing to do.”

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