Forum Archive Index - May 2001

["G Stolwyk" <stolwyk@wave.co.nz>]

 

 

Thanks for your clear comments, Mike.

 

With regard to taxation of UK listed Investment Trusts, Cullen did have a look at it but decided to do nothing.

 

I have not heard anything since. But, as you say, it is possible that this may change!

 

To be on the safe side, I started the sentence with the word " Sofar ".

 

Yes, I definitely would buy the units in the UK. I had a look at those listed here, but, apart from not being liquid, I find that some of the better performers are not listed here.

 

If I were to say that there is more incentive for some to be listed here, that could provoke further comment! 

 

Another matter is " trailing commissions ". These are usually received by advisors from the Unit trust Manager. 

---

Apart from that, those investors who invest in politically safe countries where there is a very positive and consistent growth in GDP will tend to " win ", even if they forgo the imputation of dividends! 

 

To have all your money in a market with its fortunes depending on takeovers and the currency being exposed, is not exactly my method of creating wealth!

 

Regards,

 

Gerry