Eager for a British Isa? We 明らかにする／漏らす 専門家s tips for 投資s 価値（がある） a look now...
The British Isa:? Will you use the new 税金-解放する／自由な allowance - 投票（する） in our 投票 below
News of a British Isa has resulted in keen 利益／興味 from This is Money readers since its 告示 in last week's 予算.
It will 申し込む／申し出 the chance to 投資する £5,000 a year 税金 解放する／自由な in UK 資産s, on 最高の，を越す of the 存在するing allowance to put £20,000 in cash or 株 in each 税金 year.
投資家s can of course 配分する as much of their 現在の Isa allowance as they like now to homegrown 商売／仕事s, 支配する to 非，不，無 of the 制限s that might 結局 be placed on what goes into a British Isa.
The British Isa 計画（する） is under 協議, then 支配するs will need to be finalised and providers given time to create new 製品s.
Therefore, the earliest likely 開始する，打ち上げる date is thought to be April 2025.
That puts it on the other 味方する of the 未解決の 総選挙, which has to be held by January 2025 at the 最新の.
However, if 労働 勝利，勝つs it's ありそうもない to throw out a '愛国的な Isa ' 目的（とする）d at 上げるing UK growth as one of its first 行為／法令／行動するs in 政府.
影をつくる／尾行する （ドイツなどの）首相／（大学の）学長 Rachel Reeves has already 表明するd 類似の 感情s to 現在の 現職の Jeremy 追跡（する） on using people's 年金 貯金 to support the economy, and is 推定する／予想するd to continue with some 見解／翻訳／版 of that 計画（する） should she 後継する him.
> The British Isa: Everything you need to know - from when it might arrive to what 投資s count
Will the British Isa be popular?
'Anything that 増加するs the 量 people can 投資する 税金 efficiently should be 概して welcomed in these 税金ing times,'?says Jason Hollands, managing director of Bestinvest.
'But an 増加する in the 核心 Isa allowance, which has been frozen at £20,000 since 2017/18, would have been far more より望ましい than yet another type of Isa with a 制限するd 範囲 of 投資s.
'A 比較して modest number of people fully utilise their 存在するing £20,000 allowance and a 論理（学）の step for those who will be in a position to do so and also make use of the "British Isa" will be to commit いっそう少なく to UK 公正，普通株主権s in their main allowance to 補償する.'
一方／合間, Hollands says people wanting to 投資する in UK 公正，普通株主権s do not need to wait for the British Isa, which is likely to be a year away, if it happens given there will be an 選挙.
'There are good 推論する／理由s to consider 投資するing in the UK given the 適切な時期s 供給するd by incredibly cheap valuations, high （株主への）配当 産する／生じるs and the rising number of 株 buybacks 存在 発表するd by companies which could help kick-start the market.'
Is the UK a 'buy' 権利 now?
'投資家s aren’t likely to want to buy into the UK 株式市場 on the basis of past 業績／成果,' says Laith Khalaf, 長，率いる of 投資 分析 at AJ Bell, says. 'UK plc does have some attractive features though.'
'The first is the market comes with a pretty cheap price tag. The UK is also an attractive place for income 探検者s because of the high level of （株主への）配当s paid by the market. UK smaller companies are also worthy of a について言及する.'
Khalaf says there are 概して three approaches to 決定するing your UK （危険などに）さらす: passive, active, and 愛国的な.
Passive: 投資する in line with 全世界の 株式市場 （判断の）基準s, which means around 4 per cent of your 大臣の地位 should be 投資するd in UK 在庫／株s.
Active: Manage your 地域の 配分, with one starting point 持つ／拘留するing 20 per cent in each of the UK, US, Europe, Japan and 現れるing Markets, then adjusting depending on your 信用／信任 in each market.
愛国的な: Bung everything in the UK, tethering your fortunes 完全に to those of the home 株式市場.
Khalaf 公式文書，認めるs the last 戦略 would have meant 行方不明の out on big returns in 最近の years.
'Over the last １０年間 an 投資 into the UK 株式市場 would have turned £10,000 into £16,469, compared to £31,207 from 全世界の 株 (total return to 6 March 2024).
'That doesn’t tell us what 未来 returns will look like of course, but it does 最高潮の場面 the danger of 配分するing all your money to just one 地域.
Laith Khalaf: It’s 疑わしい whether 愛国的な 忠義 is rewarded when some of the biggest companies in the market aren’t terribly British
'It’s also 疑わしい whether this 忠義 is rewarded when some of the biggest companies in the market aren’t terribly British, such as Antofagasta, a 採掘 company operating predominantly in Chile, or HSBC, a 全世界の bank which derives 80 per cent of its 利益（をあげる）s from overseas.'
Khalaf's UK 基金 and 信用 tips are below, but he also 示唆するs considering a '核心 and 調査する '投資 戦略'.?
This 伴う／関わるs starting with a 全世界の tracker 基金 like?Fidelity 索引 World?(現在進行中の 告発（する），告訴（する）／料金: 0.12 per cent) to 供給する a basic level of diversification, then 存在 more 探検の／予備の by 選ぶing a few 在庫／株s for your 大臣の地位.
'This 許すs you to get 伴う／関わるd in choosing your own companies while also keeping the 量 of time you have to spend 研究ing at a reasonable level. It also helps you sleep at night knowing that a 利益（をあげる） 警告 from one company isn’t going to have a disproportionate 影響 on your wealth.'
支援する the UK or keep your 選択s open?
John Moore, 上級の 投資 経営者／支配人 at RBC Brewin イルカ, says: 'We don’t know the exact 詳細（に述べる）s of the British Isa, but if we take it at 額面価格 and assume it is an 適切な時期 to 保護物，者 投資s in any UK-名簿（に載せる）／表（にあげる）d companies from 税金, then there are a couple of 選択s.'
If you’re いっそう少なく sure about the UK’s prospects, you can look at London-名簿（に載せる）／表（にあげる）d but 国祭的な-焦点（を合わせる）d 商売／仕事s, he says - find Moore's 在庫／株 tips below.
'You can still 伸び（る） （危険などに）さらす to the 全世界の economy through companies 名簿（に載せる）／表（にあげる）d on the large-cap FTSE 100 索引. 見積（る）s put the 株 of 歳入s that come from overseas for all of these 商売／仕事s at around 75 per cent, with the 残りの人，物 derived from within the country.
'There are some world-class companies in their 各々の 部門s 名簿（に載せる）／表（にあげる）d in the UK, which 申し込む／申し出 a blend of 資本／首都 growth and income 可能性のある ? both of which enable 構内／化合物ing of returns over time that would be 解放する／自由な of 税金 within the Isa wrapper.'
Moore says the 代案／選択肢 is to 支援する a UK 回復 by getting behind the spirit of British Isas and using your allowance to 投資する in 国内の companies.
John Moore:?You can still 伸び（る） （危険などに）さらす to the 全世界の economy through companies 名簿（に載せる）／表（にあげる）d on the large-cap FTSE 100 索引
'A lot has already been made of the differential between historical returns from the UK market and the 全世界の indices ? however, as Japan has shown recently, there is something to be said for sticking with some countries and 存在 患者.
'With a few exceptions, the best way to play the UK is through 集団の／共同の 投資 乗り物s such as open-ended 基金s or 投資 信用s. These 供給する you with 接近 to a basket of UK companies, which can help to spread 危険 and 供給する （危険などに）さらす to a 範囲 of different 部門s.'
Laith Khalaf tips...
City of London (現在進行中の 告発（する），告訴（する）／料金: 0.65 per cent)
This 信用 利益s from having had 職業 Curtis at the 舵輪／支配 since 1991, with a 焦点（を合わせる） on （株主への）配当 growth and 質, 大部分は from the large cap segment of the UK 株式市場, he says.
The 信用 is one of the 協会 of 投資 Companies' （株主への）配当 heroes, having raised its income 配当 since 1966, the last time England won the football World Cup.
Fidelity Special Values (現在進行中の 告発（する），告訴（する）／料金: 0.70 per cent)
基金 経営者／支配人 Alex Wright is a contrarian 投資家, looking for unloved or overlooked companies that are 始める，決める to 行う／開催する／段階 a 回復.
This can be a higher 危険 approach, but the 基金 is 井戸／弁護士席 diversified with over 100 holdings, and 投資するs across the market cap spectrum.
WS Amati UK Smaller Companies (現在進行中の 告発（する），告訴（する）／料金: 0.86 per cent)
Dr Paul Jourdan has been running this 基金 for over 20 years and the whole team is 法外なd in experienced when it comes to small cap 投資するing. They look for high 質 companies with 競争の激しい advantages.
They have an 強調 on the AIM market, but they can 投資する in 在庫／株s all the way up to the FTSE 250.
Man GLG Undervalued 資産s (現在進行中の 告発（する），告訴（する）／料金: 0.9 per cent)
Run by Henry Dixon, this 基金 投資するs across the UK 株式市場 in companies of all sizes, which the 経営者／支配人 believes are undervalued. T his leads it to be ひどく skewed に向かって more cyclical areas of the market.
先導 FTSE 250 ETF (現在進行中の 告発（する），告訴（する）／料金: 0.10 per cent)
With an 年次の 告発（する），告訴（する）／料金 of just 0.1 per cent, this ETF 申し込む／申し出s 投資家s a cheap and cheerful way to 伸び（る） （危険などに）さらす to the UK’s medium-sized companies, a segment of the UK 株式市場 which has 成し遂げるd 井戸／弁護士席 歴史的に, and has a more 国内の 経済的な 焦点（を合わせる） than the big blue 半導体素子s of the FTSE 100.
Jason Hollands tips...
Artemis UK Select (現在進行中の 告発（する），告訴（する）／料金: 0.55 per cent)
This is a ‘best ideas’ UK 公正，普通株主権 基金 managed by Ed Legget and Ambrose Faulks, which has the 柔軟性 to roam across the UK market-cap spectrum, uninhibited by （判断の）基準 weightings though it is typically ひどく 焦点（を合わせる）d on companies in the FTSE 350 索引 of large and 中央の-cap 在庫／株s rather than smaller companies.
The 経営者／支配人s 捜し出す out companies they believe have good 収入s growth prospects but where they believe the 現在の valuations are too 保守的な and therefore have the 可能性のある to be rerated. While the 基金 isn’t a dogmatic ‘value’ 基金 that is 単独で 焦点（を合わせる）d on cheap 株, it does have a modest value style bias.
Fidelity Special Values (現在進行中の 告発（する），告訴（する）／料金: 0.70 per cent) - also tipped above
This 投資 信用 is the sister to the Fidelity Special 状況／情勢s 基金 and its 株 can 現在／一般に be snapped up on a -8.5 per cent 割引 to their 逮捕する 資産 value (see the box below for an explanation of NAV).
The 経営者／支配人s 捜し出す out unloved companies with the 可能性のある for 肯定的な change. This can mean companies that have seen a new 管理／経営 team join, which are を受けるing a turnaround, have been 攻撃する，衝突する by worries about regulatory disruption or where the 競争の激しい 環境 is 改善するing.
Liontrust UK Growth (現在進行中の 告発（する），告訴（する）／料金: 0.82 per cent)
This 基金, managed by 二人組 Anthony Cross and Julian Fosh, has a 類似の 戦略 to their larger Liontrust Special 状況／情勢s 基金, but with a 焦点（を合わせる） on large and medium sized companies and without high （危険などに）さらす to smaller ones.
The team 雇う an 投資 philosophy they call the '経済的な Advantage' approach which looks for companies that can continue growing their 収入s throughout the 経済的な cycle and have 質s that 供給する high 障壁s to competitors and strong 支配（する）／統制する over their pricing such as 所有権 of unique 知識人 所有物／資産／財産, high recurring 歳入 streams and hard to replicate 配当 channels.
寺 妨げる／法廷，弁護士業 投資 信用 (現在進行中の 告発（する），告訴（する）／料金: 0.92 per cent)
寺 妨げる／法廷，弁護士業 is managed by Ian Lance and Nick Purves of boutique 経営者／支配人 Redwheel who are 退役軍人 ‘value’ 投資家s. Their approach is to 的 attractive companies that can be bought at 深い 割引s to their ‘intrinsic value’, which factors in the true 価値（がある） of a company ? 含むing its 資産s and brand ? not just its 収入s.
Jason Hollands:?Anything that 増加するs the 量 people can 投資する 税金 efficiently should be 概して welcomed in these 税金ing times
The 経営者／支配人s have been 声の of late in 最高潮の場面 the 規模 of the 適切な時期 利用できる in UK 公正，普通株主権s, where valuations are at the widest 割引 to 全世界の 公正，普通株主権s in 40 years and encouraging companies themselves to take 活動／戦闘 by buying 支援する their own 株 to create 株主 value.
寺 妨げる／法廷，弁護士業’s 株 are 現在／一般に 利用できる at a -7 per cent 割引 to their 逮捕する 資産 value.
WS Evenlode Income (現在進行中の 告発（する），告訴（する）／料金: 0.87 per cent)
The approach is team based and 焦点（を合わせる）s on 支援 cash 生成するing companies able to grow their （株主への）配当s.?
They favour ‘資本／首都-lite’ 商売／仕事s, those which do not 要求する 激しい 投資 in wear and 涙／ほころび costs such as 工場／植物 and 機械／機構 which can be a drain on 株主 基金s, and therefore 避ける areas like energy or 航空機によるs.
The 基金 takes a ‘buy and 持つ／拘留する’ long 称する，呼ぶ／期間／用語 approach and is 公正に／かなり concentrated in nature with いっそう少なく than 40 holdings.
John Moore tips...
国祭的な-焦点（を合わせる）d UK co mpanies
A 多国籍の 商売／仕事 （警察などへの）密告，告訴（状） and analytics company, which owns some of the 最高の，を越す 出版（物）s in each of its 的 segments and 占領するs a market-主要な position in many of its areas of 専門的知識.
It also has an 展示s 分割 that produces some of the best-known events in a 範囲 of 部門s. RELX has grown 意味ありげに in 最近の years to become one of the FTSE 100’s largest companies and still 申し込む／申し出s a （株主への）配当 of around 1.7 per cent for income-minded 投資家s.
The group behind many of the world’s best-known 指名するs in alcohol and spirits, 含むing Guinness, Tanqueray, and Johnnie Walker, selling more than 200 brands in over 180 countries.
While the company has been 攻撃する，衝突する by 堅い 貿易（する）ing 条件s in Latin America and some of its other markets, there were 調印するs in its last results that pointed に向かって a more 肯定的な medium to long 称する，呼ぶ／期間／用語.
Diageo remains very strong and 井戸／弁護士席-positioned to 利益 from 傾向s in the drinks and spirits 産業, with ample room for growth in a 高度に fragmented market.
化学製品s company Croda has seen its 株 price 落ちる 意味ありげに from its 頂点（に達する） in late 2021 on the 支援する of a rare 利益（をあげる）s 警告.
Around 96 per cent of the group’s sales are outside of the UK, along with 80 per cent of its 生産／産物, making it more or いっそう少なく a pure international play.
The 株 may be 負かす／撃墜する on their luck, but this 現在のs a 可能性のある buying 適切な時期 for 患者 投資家s, and there is a reasonable （株主への）配当 of around 2.3 per cent for 投資家s in the 暫定的な.
供給するs credit 得点する／非難する／２０s to 商売／仕事s and individuals in a 範囲 of markets, with most of its 歳入s derived from outside of the UK.
Whatever 条件s are like in the economy, 商売／仕事s want to understand the 危険 of lending to other organizations or to 消費者s, 供給するing Experian with a degree of resilience.
支援 a UK 回復
Liontrust Special Situ ations (現在進行中の 告発（する），告訴（する）／料金: 0.81 per cent)
Liontrust Special 状況／情勢s 供給するs （危険などに）さらす to some of the UK’s largest companies at a reasonable price. The likes of BP and 爆撃する are in the 基金, と一緒に some 中央の-cap 指名するs too, with a bias に向かって growth 適切な時期s that remain unrecognized by the market.
Fidelity Special 状況／情勢s (現在進行中の 告発（する），告訴（する）／料金: 0.91 per cent)
供給するs 接近 to value and 回復 plays, along with some overseas holdings for diversification. Compared to the Liontrust 基金, it takes a more value-oriented 投資 approach, preferring 商売／仕事s that are out of 好意 and where change can 配達する good 株主 結果s.
最高の，を越す holdings 含む the likes of スイスの pharma group Roche, the 保険会社 Aviva, and the outsourcing group Mitie.
Blackrock Throgmorton (現在進行中の 告発（する），告訴（する）／料金: 0.56 per cent)
Blackrock Throgmorton 供給するs 接近 to growth companies that could be tomorrow’s 星／主役にするs. Construction group Breedon, WH Smith, and 世論調査員 YouGov are の中で the 最高の，を越す holdings.
商業の 投資 信用 (現在進行中の 告発（する），告訴（する）／料金: 1.41 per cent)
商業の is 焦点（を合わせる）d on small and 中央の-cap UK companies. Housebuilder Bellway, Warhammer 製造者 Games Workshop, and furniture retailer Dunelm are の中で the 最高の，を越す holdings.
One of the UK’s 主要な 集まり-market 貯金 会社／堅いs and it will be 答える／応じるing to the UK 配分 challenge amongst its 存在するing and 可能性のある 年金 （弁護士の）依頼人s and has been developing long-称する，呼ぶ／期間／用語 資産 投資 for some time.?
The above-普通の／平均（する） 産する／生じる of 8.1 per cent will also 控訴，上告 to many within the 税金-解放する／自由な 環境 of an Isa.
