View more on these topics

Aggressive fund for UK

Franklin Templeton Investments is set to launch a copy of its US aggressive growth fund in the UK next month.

The new Oeic, which is subject to FSA approval, will be managed by Michael McCarthy, who runs the £300m US fund.

The fund invests largely in young and high-growth companies and is heavily invested in the technology sector.

McCarthy will manage the fund from the Franklin Templeton offices in San Mateo California, where he is within 30 miles of 40 per cent of the companies he invests in.

Franklin Templeton emphasises the fund is not just a technology fund. A spokesman said: “The mandate of this fund does not demand that it invests in technology but it is an aggressive growth fund and technology is experiencing fantastic growth.”

Recommended

&#39Just 11% of UK workers have salary protection&#39

Only 11 per cent of the UK working population have any form of income protection, says research from Norwich Union Healthcare.The company says the low take-up of income protection is despite the fact that almost 90 per cent of IFAs say they offer advice on the products.IFAs believe the main reason is that people feel […]

Fidelity goes for industry

The global industrials sector is being targeted by the new industrials fund from Fidelity.The product is a Luxemburg domiciled Sicav sub fund that seeks long term growth. It is aimed at investors who want to add an industrial based fund to their portfolio to provide a stable core investment.The industrials fund will invest in companies […]

Mortgage 2000 business loan service on web

Mortgage 2000 has set up an online commercial mortgage auction service for IFAs.The company&#39s website, www.financesupermarket.com, is offering the new business-to-business service which compares the deals offered to IFAs from 13 commer-cial lenders.The system identifies the best commercial mortgage available for a client, demonstrating how remortgaging can save commercial borrowers money. It encourages clients to […]

Let them eat stake

With only weeks to go before stakeholder pensions begin to be marketed by some companies, the financial services industry and the Government can both claim some initial credit over the launch.From the industry&#39s perspective – and with a healthy number of providers looking set to offer them – stakeholder pensions represent another clear example that […]

CGT entrepreneurs' relief

Entrepreneurs’ relief is due, subject to meeting certain conditions, in respect of capital gains arising on ‘material disposals of business assets’. These ‘business assets’ include: Read more

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