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ACM bets on America

America is the land of opportunity for Alliance Capital Management as it brings in the ACM Bernstein American value portfolio fund.

Aimed at experienced investors who are looking for growth and income, the fund is a Luxemburg-based Ucits and is denominated in either US dollars or Euros.

The fund will invest in a spread of between 70 and 90 blue chip companies in the US that ACM feels are undervalued and which should recover over the medium to long term. These will include companies in sectors such as finance, healthcare, energy and technology.

The decision by the US Federal Reserve on Wednesday April 18, 2001 to cut US interest rates by 0.5 per cent was made in an attempt to stave off any further fears of recession, but it still too early to tell if it has been successful. Although, growth remains positive although slower, and the threatened recession has still not occurred.

According to Standard & Poor&#39s the ACM American growth portfolio fund is ranked 141 out of 203 funds, based on £1,000 invested on a bid to bid basis with gross income reinvested over one year to April 23, 2001.


Optimism high for mortgage business

IFAs are rediscovering an optimistic outlook for the mortgage market following a winter of discontent, according to Paragon Mortgages.Its financial adviser confidence tracking index of mortgage business shot up from 104.4 during the last quarter of 2000 to 111.8 in the first quarter of this year, the highest figure since 1999.IFAs expect a rise of […]

Issues and implications

Although the introduction of the stakeholder pension is currently the key focus of many organisations and individuals within the industry, it is important to understand that it is just one aspect of the paradigm shift that the industry is experiencing.A review of the issues raised by the arrival of the stakeholder pension and the potential […]

Royal & SunAlliance – UK Prime Fund

Friday, 27 April 2001.Type: Open ended investment company.Aim: Income and growth by investing in around 30 UK stocks.Minimum investment: Lump sum £1,000, monthly £50.Investment split: Information technology 12.5 per cent, basic industries 12.7 per cent, financials 16.5 per cent, cyclical services 18.1 per cent, general industries 5.5 per cent, non-cyclical services 6.5 per cent, utilities […]

The Daley Update

u M&G&#39s first-quarter results show Isa sales are down by around 25 per cent on last year. M&G said it was unable to reveal precise Isa figures but total sales for the quarter, including non-Isa sales, were £250m compared with £303m last year. Deputy managing director of UK retail Phil Wagstaff says M&G has still […]


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