Banks have sailed through the pandemic – I m investing
Fund manager Mark Holman explains how brought his popular £1.9bn bond portfolio back to form
Mr Holman said the fund had a pretty perfect 12 months
When Telegraph Money last spoke to Mark Holman, investors in his £1.9bn TwentyFour Dynamic Bond fund were nursing heavy losses. This was after bond markets had almost seized up as the pandemic struck.
One year on, the picture looks much brighter. The fund has more than recovered those losses and has gained 15pc over the past year, a period that Mr Holman describes as “a pretty perfect 12 months”.
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Tomorrow s easing of lockdown restrictions will be at the forefront of many people s minds as they plan a mini-spending spree at their local shops.
But canny investors among them will not have forgotten that a new opportunity to invest tax-efficiently in the months ahead has just begun.
One that should be used – despite the lure of the high street – especially if they are keen to continue to build long-term wealth free from the clutches of the taxman.
I m referring to the Individual Savings Account. Last Tuesday – April 6 – heralded the beginning of the new tax year and with it came a brand new Isa allowance for investors to use (or not).