Managed investment funds are a good way to give kids a financial head start in life, according to one expert.
Jonathon Willcocks, managing director of global sales at M&G, explained that investments can offer a better return than savings account .
Anyone who had put £50 a month in the M&G Recovery Fund since 1989 would now have more than £27,000, compared to £15,503 if the money had been out in a savings account, he stated.
"By investing regularly in an actively managed fund such as the M&G Recovery Fund, parents can look to ease the strain with an investment that grows over the long term," he said.
Tom Dobell, who manages the investment fund, has a proven track record and delivered top decile performance in nine of the years he has been in charge, Mr Willcocks added.
Yesterday, it was revealed the Standard Life UK Equity Growth Fund has been awarded an AAA rating by Standard and Poor's.
Investments give kids a head start, expert claims
Onlineshares Quote Line
0845 108 0505
Investments give kids a head start, expert claims
Tue, 30 Sep 2008
Recommended links
Online shares and investments portalHigh risk investments
Investments for children
Investments enquiry form
Compare child trust funds
Inflation linked savings accounts come with catches, expert warns
Those with FTSE investments confident, research shows
| Stocks & Shares news |
|---|
| Survey: Majority of investors favour aggressive strategy - Thu, 09 Sep 2010 |
| Investors urged to consider high yield debt and high dividend equities - Tue, 07 Sep 2010 |
| Britons told to consider making pensions investment - Thu, 02 Sep 2010 |
| More News |
