Which Jisa fund is best?

DARIUS McDermott, managing director of fund scrutineer Chelsea Financial Services, says: ‘If you want to try to engage your child with their Junior Isa, the best way we have found is to invest in a fund they can identify with.

‘AXA Framlington Global Technology is a great example. It invests in companies such as Apple and Amazon and all the tech firms they probably know more about than we do.’

‘Another great one is Baillie Gifford Global Discovery. It invests in firms such as electric car manufacturer Tesla and iRobot – a US company that designs robots for space exploration and military defence.’

Dzmitry Lipski, head of funds research at Interactive Investor, likes investment trusts Scottish Mortgage and F&C. He says: ‘Household names feature in both portfolios, but there’s also a slice of unquoted companies in the mix which are higher risk but offer greater potential reward.’

Tilney’s Jason Hollands also likes Scottish Mortgage, F&C as well as funds Fundsmith Equity and Lindsell Train Equity.

Stock market ID codes: Scottish Mortgage: BLDYK61; F&C: 0346607.