Mr Launton plans to hold the trust for 10-15 years to help fund his young children through their education.
Welcome to the new Independent website. We hope you enjoy it and we value your feedback. Please contact us here.
Richard Launton, a 33-year-old accountant from Bishop's Stortford, has invested in The Fleming Continental European Investment Trust. He puts in pounds 40 a month and reinvests the dividends. He was attracted to investment trusts by their low costs and limited annual charges. He used the financial press to help him choose the fund: "I wanted exposure to the European market and I think in the long term there are plenty of growth opportunities in Europe." Fleming Continental has a third of its holdings in France and Germany with a small amount (4 per cent) held in the UK.