An investment trust for growth?

briley
briley Posts: 40 Forumite
First Anniversary Combo Breaker First Post
in Savings & investments
I feel sort of stupid but I can not find an investment trust that goes for growth and not for income. I've tried using a number of sources to find a list but singularly failed.

I have enough income from shares to use up the new £5,000 allowance so am looking for something with growth to use my CGT allowance instead. I like investment trusts as they are easy to understand.

Anyone able to supply some suggestions?
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Comments

  • Linton
    Linton Posts: 17,157 Forumite
    Name Dropper First Post First Anniversary Hung up my suit!
    Go to www.trustnet.com. Select Investment Trusts from the top left pull-down menu. Click "search" - 400ITs are listed. Sort by one of the performance data items and research possible candidates forr consistency, diversification etc. Avoid ones with high premiums and be suspicious of ones with unusually high discounts. Depending on your other investments you may want to look for ITs investing broadly and globally.

    If you have more than £5K from dividends why not use S&S ISAs.
  • frugalmacdugal
    frugalmacdugal Posts: 10,077 Forumite
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    edited 27 January 2016 at 5:33PM
    Hi,

    you should look for accumulation units, or pick a good income fund and reinvest the income.
  • george4064
    george4064 Posts: 2,811 Forumite
    First Anniversary Photogenic Name Dropper First Post
    Which sources have you been using thus far?
    "If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett

    Save £12k in 2021 - #027 £15,268 (76%)
  • le_loup
    le_loup Posts: 4,047 Forumite
    frugalmacdugal wrote: »
    Hi,

    you should look for accumulation units, or pick a good income fund and reinvest the income.
    Bit difficult with an Investment Trust.
  • bigfreddiel
    bigfreddiel Posts: 4,263 Forumite
    frugalmacdugal wrote: »
    Hi,

    you should look for accumulation units, or pick a good income fund and reinvest the income.

    Name one! fj
  • Linton
    Linton Posts: 17,157 Forumite
    Name Dropper First Post First Anniversary Hung up my suit!
    City of London Investment Trust?
  • frugalmacdugal
    frugalmacdugal Posts: 10,077 Forumite
    Name Dropper First Post Photogenic First Anniversary
    edited 27 January 2016 at 7:30PM
    Hi,
    le_loup wrote: »
    Bit difficult with an Investment Trust.
    bigfreddiel wrote: »
    Name one! fj

    there seems to be quite a few here on the growth button.
  • Eco_Miser
    Eco_Miser Posts: 4,708 Forumite
    Name Dropper First Post First Anniversary Combo Breaker
    frugalmacdugal wrote: »
    Hi,

    you should look for accumulation units, or pick a good income fund and reinvest the income.
    That still generates an income which will be taxable for the OP. The OP wants growth to avoid taxable income.
    Eco Miser
    Saving money for well over half a century
  • Linton
    Linton Posts: 17,157 Forumite
    Name Dropper First Post First Anniversary Hung up my suit!
    Isnt this the difference between a unit trust and an IT? An IT as a company is surely a tax paying "person" and so whatever it does internally cant result in a tax charge on the share owner. The IT owns the assets it manages and pays any taxes arising. A unit trust isnt taxable in its own right. It holds assets on behalf of the unit holder who is responsible for any tax due.
  • bigfreddiel
    bigfreddiel Posts: 4,263 Forumite
    Linton wrote: »
    City of London Investment Trust?

    Not an accumulation fund, try again!
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