View more on these topics

Aberdeen invests in the US

Aberdeen Asset Managers is going west with the American monthly income Isa.

The investment trust Isa is targeted at investors who are looking for either income or growth by investing in the USA.

The trust has been given an even investment structure over a wide area, so that 50 per cent provides income and 50 per cent provides growth.

The trust will invest in a broad range of investments. For the income part it will invest in funds such as the Aberdeen preferred income trust, and the BC Asset Management US growth & income fund. For growth it will invest in funds like the BFS absolute return fund. Both ordinary shares and zero dividend preference shares will be available.

Aberdeen believes that America is still a highly attractive area to invest in, despite fears about a possible slow down in the economy, which prompted a 0.5 per cent cut in interest rates at the start of 2001.

According to Standard & Poor’s the Aberdeen American opportunities fund is ranked 14 out of 78 funds, based on £1,000 invested on a bid to bid basis with gross income reinvested over three years to February 26, 2001.


UK presence for Lombard Odier

Lombard Odier is boosting its presence in the UK with the introduction of its LO Invest UK Europe fund.This Luxemburg based Sicav was set up by the Swiss bank as a UK clone of the LO Invest Europe fund, which is distributed only in Switzerland. The fund aims to provide growth by investing in large […]

Review for retirement

Gordon Brown is widely tipped to announce a royal commission-style review of the post-retirement income market in the Budget next week. The ABI wants the Chancellor to make the announcement on Budget day. But Dr Oonagh McDonald says: “It is time for the Treasury to stop blocking reform and take some action.” Scottish Equitable business […]

Equitable goes down to the wire over MVAs

Equitable Life is going to the wire over the imposition of exit penalties on policyholders, waiting until the 11th hour to respond to the Office of Fair Trading&#39s threats of legal action. The OFT contacted Equitable on February 8, giving the company until March 1 to defend its policy of having absolute discretion in deciding […]

Barclays sends out S&S

Barclays Stockbrokers is launching its first managed stocks and shares Isa and is waiving its management fee for anyone investing before the end of June. It says the Isa is suitable for investors looking for stocks and shares but who do not have the time or expertise. The Isa will select the stocks of a […]

William Littlewood “betting that QE won’t work”

Journalist Alexis Xydias interviews Artemis manager William Littlewood about his views on bond, equity and currency markets and the impact of a Greek exit from the EU. With bond yields at “ludicrous” levels, William believes a tipping point for bond markets is sure to come. As a result, his Strategic Assets Fund holds government bond shorts to the tune of 100 per […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm