Clubfinance

Investment Trusts

If commission is paid, Clubfinance can arrange your Investment Trust on an execution-only basis. Arranging your Investment Trust through Clubfinance, you will receive:

  • 75% rebate of initial commissions paid to Clubfinance; and

  • 75% rebate of all renewal (trail) commissions paid to Clubfinance.

Investment Trust Savings Schemes - "second-hand" shares already in issue

Many fund management groups who manage Investment Trusts have savings schemes to enable you to invest in shares the group's Investment Trusts. These schemes often include the possibility to invest within an ISA, and to accept ISA transfers (please click here for ISA transfer risk warnings). Some of these schemes pay small amounts of commission (generally initial commission) if you arrange through an intermediary. Please note that in many cases this commission represents an additional charge that you would avoid by going direct to the fund manager. Clubfinance will make this clear when responding to your enquiry.

If you are interested in a scheme, let us know and we will let you know whether there is commission available. Use the form at the bottom of this page. Click here to view

Note that because Investment Trusts are companies listed on the stockmarket, you can also purchase shares directly through a stockbroker. You can find more information on Investment Trusts on The Association of Investment Companies website, www.aitc.co.uk.

Investment Trust - new issues

There is the opportunity to purchase new Investment Trust shares when a new Investment Trust is launched. Fund management groups may offer the opportunity to purchase new issues via their Investment Trust savings schemes. Current offers can be found using the link below.

Investment Trust New Issues

Investment Trust Savings Schemes – Risk Warnings

Investment Trusts can be higher risk investments and may only be suitable as medium or long-term investments. Clubfinance Ltd. offers an execution-only service; Clubfinance does not give advice or recommendations, or assess appropriateness. If you have any doubts as to the suitability of a particular Investment Trust, its associated Investment Trust savings scheme, or Investment Trusts in general, or you require advice of any kind, you should seek a personal recommendation from a professional adviser.
Please refer also to the risk warnings and other information contained within the key features, terms of business and other documentation for the product that you have chosen, together with Clubfinance's Terms of Business.

General

  • Past performance is not a reliable indicator of future results.
  • Clubfinance does not produce the products it arranges, or manage the underlying investments.
  • In the event of any conflict between product literature and information provided by Clubfinance, the product literature shall prevail.

Underlying investments

  • Individual Investment Trusts may use, or be able to use gearing (borrowing money to invest) or derivatives. This strategy may result in:
    • movements in the price of the Investment Trust's shares being more volatile than the movements in the price of underlying investments;
    • the investment being subject to sudden and large falls in value;
    • and you getting back nothing at all if there is a sufficiently large fall in value in the investment.
  • Different Investment Trusts have different investment strategies, including the underlying spread of their investments, the types of investments they make, and the markets in which they invest, so some Investment Trusts are riskier than others.
  • A particular Investment Trust may invest in companies that are not listed on a stock exchange (unlisted investments). These can be more volatile in price (due to both valuation and performance), and are harder to sell than listed shares.

Taxation

  • Please refer to the individual Investment Trust documentation for a taxation summary and the taxation consequences for investors generally. However, please be warned that:
    • taxation levels, bases and treatments can change;
    • the summary will be based on assumed rates of taxation;
    • the tax treatments stated will be the ones which currently apply; and
    • taxation levels, bases and treatments depend on your individual circumstances.
  • Changes in tax or other legislation may adversely affect the value of a Investment Trust.
  • If you are unsure about your tax situation, you should seek professional advice.

Charges & performance fees

  • Initial charges and other upfront and ongoing costs, fees and charges will reduce the value of your investment. These may include performance fees.
  • Some costs borne by an Investment Trust will be fixed in nature. These fixed costs may have a greater impact on the performance of a small Investment Trust compared to a large one.

Security of capital

  • As with any asset-backed investment, the value of a Investment Trust depends on the performance of the underlying assets, so you may get back less than you originally invested.
  • The value of an investment in an Investment Trust's shares and the income from it can fall as well as rise as a result of market and/or currency fluctuations.
  • Investment Trust investments may be subject to sudden and large falls in value, you could get back nothing at all.

Selling your investment

  • You may be able to buy and then subsequently sell shares in an Investment Trust through an Investment Trust savings scheme. Alternatively, following issue, Investment Trust shares can be bought and sold like other listed shares. However, in some cases, this secondary market may be limited, making the  Investment Trust shares hard to sell.
  • Shares in an Investment Trust may trade at a discount (below the value) of the underlying assets held by the Investment Trust, and there may also be a big difference between the buying and selling price for the shares.

Notification Form

If you would like Clubfinance to arrange your Investment Trust savings scheme investment please complete the online request form below and we will e-mail you the necessary information including commission and rebate details. (For new Investment Trust issues, in the first instance, click here).

Please tell us the precise name of the Investment Trust you are considering arranging through Clubfinance (e.g. Dunedin Inc Growth Ordinary 25p) and the amount of your investment

Investment Trust Name Lump Sum
(£)*
Monthly
(£)*


REMEMBER! We cannot respond if you make a mistake with your e-mail address.

* - we need this in order to provide you with estimated commission and rebate details
 

Important Information

Clubfinance Ltd is authorised and regulated by the Financial Conduct Authority (firm reference no. 400139). Clubfinance offers an execution-only discount broker service; Clubfinance does not give advice or recommendations. If you have any doubt about the suitability of a particular product or service, or you require advice, you should seek a personal recommendation from an appropriate firm that does give advice. Clubfinance does not produce the products it arranges, or manage the underlying investments. Payments must not be made to Clubfinance, but to the relevant product provider. Contact details for Clubfinance can be found under 'contact'. Users of this website should be aware of the following:

  • Past performance is not a reliable indicator of future results.
  • The value of investments and the income from them can fall as well as rise as a result of market and currency fluctuations. For many types of investment, you may be placing your capital at risk, meaning that you may not get back the amount originally invested and you may risk losing your entire investment.
  • Some investments and policies may only be suitable as medium or long-term products.
  • Tax treatments depend on your individual circumstances and may be subject to change in future.
  • This website contains financial promotions relating to services offered by and products available through Clubfinance.
  • In the event of any conflict between product literature and information provided by Clubfinance, the product literature shall prevail.

The information on this website is intended solely for the use of those people who are United Kingdom residents for tax and investment purposes and is governed by our terms and conditions of website usage, please click here for details. It is not for distribution in any other jurisdiction, including the United States of America.

Anyone who is not a UK resident should not continue with this site unless wishing to read about personal finances available to UK residents for informational purposes only.

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