View more on these topics

Aberdeen Keeps Faith In US

Aberdeen Asset Managers has put its faith in the strength of the US economy by introducing the American Monthly Income Trust.


This Jersey-based split capital investment trust is likely to attract offshore clients who are looking for a high level of income.


There are three share classes — geared ordinary income shares, annuity income shares and zero dividend preference shares. The trust will invest in US large cap stocks, fixed interest securities and high-yielding stocks.


The US economy has remained strong for some time and Aberdeen believes this success is likely to continue. It intends to pick up valuable stocks at relatively low prices.


Potential investors should also be wary of the possible effects of the strong dollar. The Bank of england says the dollar is at its highest level aginst the pound since April 19, 1994. If it falls in value, investors would be exposed to currency fluctuation, which also tends to unsettle economies.


According to Standard and Poor’s the Aberdeen preferred income trust is ranked 7 out of 18 funds, based on £1,000 invested on a mid-to-mid basis with net income reinvested over one year to September 26, 2000.

Recommended

Portrait of stakeholder as a young plan

Can there be an IFA on the planet who has not heard about stakeholder pensions?In case such a soul exists, here is an outline what has already happened and what we can expect from the next six months in the run-up to stakeholder. You there at the back, sit up and pay attention, I will […]

Commission control

As our regulator struggles to reinvent the wheel, yet again we return to the central and most fundamental issue within our industry.The whole question ofthe status of the client&#39s adviser, independent or tied, and how he is being influenced by the commission payment, is undoubtedly the key to client protection and adviser regulation.How many times […]

Exchange upgrading as advisers fail to connect

The Exchange is piloting a permanent wireless internet connection after IFAs using the technology found they could not access its service.Anyone connecting to the internet through a permanent wireless connection, which uses digital technology rather than telephone lines, cannot currently access The Exch-ange&#39s IFA portal.The wireless connection is being provided by UK telecommunications company tele2. […]

Royal London to go direct

Royal London is offering its European Growth Trust Isa directly to first time savers. The scheme was previously only available through the life office’s financial advisers. The Isa will now be available direct for first time savers. Royal London’s Product Group Manager Gareth Evans says: “This direct offer provides a great opportunity to invest in […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com