What I’m putting in my Isa this year

Rebecca Maclean of the Dunedin Income Growth Investment Trust

Rebecca owns shares in the information services company Relx in her Isa. The stock also features in the trust’s top 10 holdings. “My favourite investments are in companies that have strong positions in structurally growing industries, with healthy financials, and management teams able to navigate change, but for various reasons they are being overlooked by the market,” she says. “Relx has built a range of data analytics and decisionmaking tools that enhance workflow productivity for its customers, from lawyers to scientists, doctors and risk managers. Demand for these products has allowed it to deliver resilient and accelerating revenue growth that the market has just started to appreciate. I believe now is a good time to invest in the unloved UK market which offers attractive total shareholder returns, compared with other markets.”

Victoria Stevens of the asset manager Liontrust

“I treat my annual Isa allowance almost as an extension of my pension planning, with a similar long-time horizon. I don’t invest in individual companies for compliance reasons, but I do invest actively in the funds that I manage. “With that long-term time horizon in mind, the largest investment in my Isa (and for that matter, my children’s Junior Isas) is the Liontrust UK Micro Cap Fund. Evidence shows that over the long run, the smallest companies on the market deliver significant outperformance versus their larger counterparts.” The fund, which counts the management consultant Fintel and the legal firm Keystone Law in its top 10 holdings, has outperformed the FTSE 100 in the past five years – delivering returns of 56pc compared with 27pc from London’s benchmark index.