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AMP supermart offers Ample choice

AMP is targeting its new fund supermarket, Ample, at inv-estors aged

between 45 and 65.

The supermarket offers more than 400 funds from 22 managers and claims to

be the only fund supermarket offering access to the biggest players in the


Ample says it differs from other fund supermarkets bec-ause it has a full

range of targeted and tailored financial services. It includes options of

either a customised service or purely transactional capabilities.

The customised service is designed for investors who do not feel confident

about their personal investment abilities. They can have their money

managed by a fund manager from Henderson Global Inv-estors, which is part

of the AMP stable.

They pass on management of their funds to AMP&#39s discretionary portfolio

management service after answering a risk tolerance questionnaire, the

results of which will place them into one of five investment categories.

Ample says its goal is to provide investors with a fully comprehensive

investment service, allowing them to access information and manage their

portfolios online.

A share-dealing and transfer service and additional fund managers will be

added later in the year.

Head of marketing and proposition John Blowers says: “Ample&#39s greatest

str-ength is that it is a single investment service allowing customers to

learn, find, buy and monitor their own investments. The downfall of

first-generation online investment has been that investors have had to use

a combination of sites.”



Govett trust votes against liquidation

Govett Asian Smaller Companies Investment Trust shareholders today voted to rebut a move from Charlemagne Capital, formerly Regent Europe Asset Management, to liquidate the trust.Eighty-eight per cent of shareholders voted against the resolution, which proposed liquidation of the £29m trust.Govett Investments director of investment trusts James de Sausmarez says: “This represents a positive endorsement of […]

Roderic rennison

Only three weeks into his new job and Charcol&#39s wealth developmentdirector Roderic Rennison has already sussed out the best coffee shop nearhis office. Even his PR looked on with some surprise as Rennison strode confidentlystraight round the corner to the smart cappuccino haunt. Spending just a short amount of time with Rennison – the former […]

BC trusts in bricks & mortar

BC Asset Management has introduced the property income and growth fund, a split capital investment trust that invests in commercial property.The investment trust consists of ordinary shares, zero dividend preference shares and bank debt. The aim is to provide ordinary shareholders with a high level of monthly income and long-term capital growth and zero dividend […]

Portman revamps loan range as rate rises are forecast

Portman Building Society is raising the rates on its range of fixedmortgages as it believes interest rates will rise over the coming months. Its fixed-rate loans start with a product fixed at 3.99 per cent untilAugust 2003, up from 3.49 per cent, with a facility to repay up to 5 percent of the capital borrowed […]


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