View more on these topics

ABN AMRO puts its faith in the West

ABN AMRO has introduced the North American growth fund.

The fund is a unit trust that will invest in between 30 and 40 medium to large cap companies in the US and Canada, with the fund aiming for growth with a level of medium risk.

The portfolio of companies will cover a wide range of sectors, with a maximum of 5 per cent of the fund in any one company. The initial list of companies in the fund include Disney, Pfizer, Coca-Cola, Gillette, Bank of New York, AOL Time Warner, Caterpillar and Pepsico.

Despite the events of September 11, ABN AMRO believes the US economy will bounce back from its current downturn and will recover during the first half of 2002. The gross domestic product of the US fell by 0.4 per cent from July to September 2001, while consumer confidence has fallen to the lowest level since 1994.

The fund will be managed from Atlanta, Georgia by ABN AMRO subsidiary Montag & Caldwell. In charge will be senior portfolio manager David Watson, who joined Montag & Caldwell in 1999. Before joining he was senior portfolio manager at SunTrust Banks.

According to Standard & Poor’s of ABN AMRO’s six unit trusts, one is first quartile, one is second quartile, one is third quartile and two are fourth quartile, based on £1,000 invested on a bid-to-bid basis with gross income reinvested over one year to November 1, 2001.


The FSA must not undermine the role of IFAs

The FSA must not become an IFA of last resort. The A in its name stands for authority not for adviser.In the week the regulator adds pensions to its controversial league tables, it has admitted that one item on its wishlist is to set up a fact-find on the website to look at consumers&#39 circumstances […]

Newcastle Building Society – Capital Safe Bond

Monday, November 5, 2001.Type: Guaranteed equity bond.Aim: Growth by investing in the FTSE 100, Eurostoxx 50 and Nikkei225 indices.Minimum-maximum investment: £5,000-no maximum.Term: Five years.Guarantee: Capital returned in full at end of term regardless ofmovement in indices.Return: Capital with up to 85 per cent of growth in indices.Closing date: December 7, 2001.Commission: Initial 3 per cent.Tel: […]

TrustNet wins IFA white-label deals

IFA Allenbridge Group and Bankhall&#39s IFAengine portal have signed a deal to white-label TrustNet&#39s online information tools, incorporating them into their consumer websites.The deals mark the first stage of TrustNet&#39s strategy of expanding its presence in the IFA market through white-labelling its web-based portfolio tools across the IFA market.Customers of Allenbridge Group and Bankhall members […]

N&P cuts overseas rates

Norwich and Peterborough Building Society, which lends all along the Costa del Sol, is to reduce rates on its fixed interest rate mortgages in Spain and the UK.All UK two year, three year and five year fixed rates have come down by up to 0.39 per cent.For Spanish mortgages, the fixed rate has come down […]

Retirement - thumbnail

Pension freedoms: stop the scams

At the beginning of 2015, we highlighted that the new pension freedoms that come fully online on 6 April also represent a very attractive opportunity for the criminal fraternity to scam savers out of some, or all, of their accumulated retirement savings.


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