Discount offer gives investors something to smile about

The Co-operative Investments is offering investors the chance to beat the fast approaching ISA allowance deadline and avoid paying any of the usual initial fees.

It has linked up with fund supermarket, smile Invest, to make its core range of unit trusts available to would be investors until 30 April 2008 free of the initial charge, which can be up to five per cent.

Amongst the three core funds available on www.smile.co.uk/invest are the Sustainable Leaders Trust, managed by Citywire ‘A’ rated Mike Fox, the UK Income with Growth Trust and the UK Growth Trust. All funds have outperformed their respective sectors over the last three years.

The Co-operative Investments uses a pioneering responsible investment process that fully integrates consideration of financial and ESG (environmental, social and governance) analysis. It believes the approach enables more informed investment decision-making.

smile invest is the funds supermarket offered by internet bank, smile and like Co-operative Investments it is part of Co-operative Financial Services (CFS). smile also has a number of credible awards reflecting its industry leading position, including being a ‘Coolest Brand’ from Britain's CoolBrands Council and Your Money magazine’s Best Online Banking Provider for the sixth year in a row.

Zach Hocking, Head of Investments at The Co-operative Investments, said: “This is an excellent opportunity for investors to place their ISA allowance in unit trusts with consistently good performance and avoid paying any of the normal up front fees.

“But the end of tax year deadline is approaching fast and investors should take advantage while they can.”