View more on these topics

AITC says the Chinese horse is worth backing

The AITC is urging investors to take a look at the Chinese

stockmarket as an alternative growth investment for 2002.

With China having finally gained entry into the World Trade

Organisation last year, as well as having won the bid to host the

Olympics in 2008, the economy is in a positive state.

As a result, several of the industry&#39s leading fund managers believe

China&#39s year of the horse – which begins on February 12 – is worth

backing.

Specialist funds which invest in the region include JP Morgan

Fleming&#39s Chinese investment trust, Henderson Far East income and

Baillie Gifford&#39s Pacific horizon trust.

First State Investment&#39s Scottish Oriental smaller companies fund has

one of the highest proportions of assets in China in the investment

trust universe.

The fund&#39s manager Suzie Rippingall says: “Investing in China is

never dull. Economic growth in 2002 is likely to be one of the

fastest in the region.

“Direct investment from overseas remains strong and should receive a

fur-ther boost in coming years from entry into the world trade

organisation, which was confirmed in December 2001.”

AITC communications director Annabel Brodie-Smith says: “The

closed-end structure of an investment trust is particularly relevant

in more volatile markets as it allows the fund manager to take a

long-term view of the portfolio.

“By investing in 50 or more companies on your behalf, investment

trusts allow you to spread your investment risk. In the year of the

horse, let us hope that equities ride high.”

Recommended

Ready for action

Abbey National&#39s decision to take a stake in mortgage platformIFonline sets it apart from competitors Halifax and Nationwide whichhave sided with rival platform Mortgage Brain.The move also surprised some industry sources who say Abbey had vowedto concentrate on developing its own broker site rather than investin external technology.But Abbey head of e-commerce Neville Sharman denies […]

U-turn in the right direction?

Industry welcomes Treasury decision.” “Common sense prevails.” “Theright decision at last.” These are all views we have read since theinfamous Treasury U-turn on the regulation of mortgage advice lastmonth.But what else could the industry have said? From CP70 through toCP98, lenders have argued that the proposals for statutory mortgageregulation are unworkable unless mortgage advice is […]

Charging fees will not help lower-paid get advice

To: David SevernHead of department, conduct of businessFinancial Services AuthorityI have been an IFA for nearly 15 years and was previously a branchmanager of Lloyds Bank. I have had my own business for nine years.There are a number of questions which I think have been shown up fromthe review but one of them seems to […]

Keydata offers second helping

Keydata Investment Services has followed up its secure growth portfolio with a second issue of the product. This guaranteed growth bond is linked to a portfolio of six externally managed Oeics over a five-year term. These are Norwich Union UK growth, Norwich Union European equity, JP Morgan Fleming premier equity growth, Newton income, Threadneedle European […]

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