If a parent, grandparent or guardian had invested a one-off £1,000 in the average investment company for a child 18 years ago, it would now be worth an impressive £7,740 (a 674% return), or annualised return of 12.0%.
This performance data, for the average investment company, is the % share price total return for the weighted average investment company (excluding VCTs). Ten-year performance is from 27/11/2011 to 26/11/2021. Eighteen-year performance is from 27/11/2003 to 26/11/2021. Source: AIC/Morningstar.
These are the key points of the AIC Press Release today:
A CHRISTMAS PRESENT FOR THEIR FUTURE:
SAVING FOR CHILDREN WITH INVESTMENT COMPANIES
– Average investment company turns £1,000 into £7,740 over 18 years
– Smaller companies top the performance charts
The full Press Release can be read here.
Getting kids, grandkids, nieces and nephews interested early in financial investments, helping their financial education is the best “Season’s Greetings” present you can give.
Child ISA and LISAs give extra benefits too.
Cliff Weight, Director, ShareSoc