View more on these topics

AITC warns advertising campaign may be cut short

The three year television and press advertising campaign to promote investment trusts may be terminated a year early unless it receives wider industry support, the Association of Investment Trust Companies has warned.

AITC director general Daniel Godfrey claims it wouldn&#39t be worth continuing the campaign unless more trusts participated in the third and final year.

This year AITC raised £8 million from 170 of its 300 investment trust members, down from £16 million in the first year.

Next year the levy on trusts will reduce the marketing budget to only £4 million.

Godfrey says “Either we all carry on together or we stop together. If more trusts agree to support the campaign we could consider extending it beyond three years.”

However, persuading the trusts to support the campaign maybe difficult as some, such as the Alliance Trust, have refused to support the initiative because they believe the costs are too high.



EMX success may lie in IFAs&#39 hands

EMX has had a troubled few months. Since its launch in June, trading volumes have been well below expectations, while many of those that have used the service have complained of impracticalities and slow processing.One of the biggest disadvantages has been the insufficient range of fund managers EMX has on board. It currently has about […]

LIA and IFP deal in doubt over fees

A deal between the LIA and the Institute of Financial Plan ning may be in jeopardy bec ause of differences bet ween the bodies over char ging clients fees.The deal, which would have seen LIA members able to qualify as certified financial planners, could collapse because the IFP stipulates that all members must provide cli […]

BAM appoints new investment sales manager

Britannic Asset Management has appointed Richard Pursglove as UK investment sales manager. In this role Pursglove will be responsible for the day to day management of the investment sales team.. He says “BAM is a fast growing company with huge potential. We have ambitious growth plans for the year ahead and I look forward to […]

SFIM merges retail and private client divisions

Singer & Friedlander Investment Management is merging its retail and private departments to enable clients to gain wider access to SFIM banking services. SFIM claim the merger, which will come into effect in January 2001, will unlock the full potential of the two divisions. It will have a total of 150 investment and administration staff […]

Great expectations for Japan

By James Dowey, Chief Economist and CIO Turnaround stories are an investor’s best friend. If successful, they prompt a widespread and possibly radical re-evaluation of the fair value of the associated assets. If one is brave enough to re-evaluate early on in the process then the returns can be very large. For over two decades […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment