Child Trust Fund advice please

Strawberry_virgin

I took out a Child Trust Fund with Halifax some 5 years ago, having received one-off £250.00 Government payment as incentive for our newly born daughter. In addition to this, I decided to put £30.00 into the fund each month via direct debit and have done so for the last 5 years. As you can see from the key facts (http://www.halifax.co.uk/investments/pdfs/ctfkfd.pdf) this money is invested into UK FTSE 100 index tracking fund. Naturally, with the recent global credit crunch the share prices have dropt by about 40% meaning my daughter’s CTF is worth less then what we invested so far. My question is really is this a good time to invest more money into the fund considering our £30 a month is buying 40% more shares then we did a year ago in hope the market will recover in the next few years at least to the same level it was last year. I understand this fund will be transferred into something called Lifestyling fund when the child reaches 13 years of age. I also understand Government will pay further £250.00 into the fund at the age of 7. Any views on this type of investment will be much appreciated.

Strawberry_virgin

Sorry, just realised I posted this in the wrong thread.