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ACM sets its sights on Europe

Alliance Capital Management has introduced the European value portfolio, one of the three new funds. The other two are the ACM American value portfolio and the ACM global value portfolio.

Registered in Luxemburg, the European value portfolio is a Ucits and is aimed at experienced investors who are willing to invest in a high risk fund that offers both growth and income. It is denominated in both Euros and US dollars.

European value will invest in 70 to 90 blue chip companies in Europe that ACM feels are undervalued and have the potential for their share prices to increase. The stocks chosen will be from a maximum of 20 European countries and from a wide range of industries.

Like the UK, Europe&#39s economy is closely tied to the US. Over the past month, a number of US based companies have announced job cuts in Europe. Fibreoptic supplier JDS Uniphase is cutting up to 950 jobs in Britain, financial services company Citigroup is cutting up to 300 jobs all over Europe, and Disney is cutting 3,000 jobs worldwide, including Eurodisney.

According to Standard & Poor&#39s the ACM European growth fund is ranked 181 out of 283 funds, based on £1,000 invested on a bid to bid basis with gross income reinvested over one year to April 23, 2001.


Scot Am runs mortgage roadshow for IFAs

Scottish Amicable is running a mortgage roadshow for IFAs across the country throughout May and June. Each roadshow will have lender presentations on topics including regulation, seller&#39s packs, e-commerce and the future of the mortgage market. There will also be discussion forums focusing on equity release and the sub-prime and buy-to-let markets. The roadshow begins […]

Winterthur Life – Open Pensions

Fund links: Winterthur Schroder managed, Winterthur Deutsche managed, Winterthur Baillie Gifford managed, Winterthur Gerrard pooled pension, Winterthur BGI consensus managed, Winterthur elite cautious managed, Winterthur elite balanced managed, Winterthur elite stockmarket managed, Winterthur Schroder equity, Winterthur Jupiter income, Winterthur Perpetual high income, Winterthur BGI all share tracker, Winterthur Exeter capital growth, Winterthur ABN AMRO UK […]

Platforms for the future

Over the last 10 years, there have been a number of phrases that, despite having sensible meanings, have over time fallen into disrepute.But the latest mad phrase being bandied about in lending circles is mortgage e-commerce, especially as it is app- lied to intermediary business. It may seem obvious, but for mortgage e-commerce to work, […]

Sun Life extends options on evolution bond

Sun Life International is extending the charging options on its Evolution bond to attract customers looking to start investing at lower premium levels. The initial investment is now set at £15,000 if they invest in the internal fund range. External funds are accessible with a minimum investment of £50,000. The bond has four charging structures […]

Life begins at…

By Fiona Holmes, proposition communications manager Having reached a certain age (it’s the new 40 by the way), I’m having to come to terms with the fact that my peers and I aren’t as immune from illness or death as we’d like to think. That’s the problem with 30 being the new 20 and 40 […]


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