Forum Archive Index - September 1999

[Chris Marshall <Chris.Marshall@directories.co.nz>]

How does one buy into UK Investment Trusts from within NZ?

> -----Original Message-----
> From: Mark Hubbard [SMTP:mhubbard@es.co.nz]
> Sent: Monday, 27 September 1999 11:32
> To:   sharechat@sharechat.co.nz
> Subject:      Re: [sharechat] Mutual Funds
> 
> Hi Brian
> 
> No, I only meant that I would not be investing into the US stock market,
> not
> overseas shares in general. Europe and Asia (ex Japan) look okay.
> 
> In the past I have always invested in overseas equities by using NZ unit
> trusts, however, over the last two years especially I have become
> dissatisfied with these. The biggest problem with them is that I do not
> classify myself as a share trader, thus should not be taxed on capital
> gains, however, all of the active unit trusts, (ie, most of them) have to
> pay tax on both realised and unrealised capital gains. The income that I'm
> investing has already had tax paid on it once, so I do not want to be
> paying
> again on it when invested (at least not on capital gains). For this reason
> I've lately been looking on investing in UK Investment Trusts, which are
> not
> taxed on capital gains. Also, through these trusts you can invest
> selectively not only in any region of the world, but also many different
> sectors.
> 
> Check out   http://www.trustnet.co.uk/general/default.asp
> 
> I can't remember who gave me this address through this forum, but the site
> is excellent.
> 
> 
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