View more on these topics

Argonaut Capital to launch European equity income fund

EU-Europe-Flags-Euro-700x450.jpgArgonaut Capital is planning a European equity income fund for manager Greg Bennett.

The Argonaut European Income Opportunities fund will target a yield above the overall index by investing in higher yielding companies with sustainable dividends.

Bennett, who is deputy manager of the £346m Argonaut European Alpha fund, will be supported by Argonaut’s founder Barry Norris and a team of analysts.

The investment process will be based on analysing balance sheets and looking at corporate earnings trends to source higher dividends while trying to avoid yield traps.

Bennett says: “At a time when more than 60 per cent of outstanding European sovereign and corporate debt is negative yielding, high dividend equities offer a useful, liquid and alternative source of income.”

The model portfolio of the European equity income fund has a gross yield of about 5.7 per cent. Fees for the founder share class will be 0.35 per cent for a limited time, which investors can lock into. The secondary share class, available from launch, will carry a fee of 0.65 per cent.

The fund is subject to FCA approval.


Property to stay flat

Halifax predicts the housing market will remain flat through 2010. Its index shows house prices rose by 1.4 per cent in November, the fifth consecutive monthly rise.

MM leader: Drawdown debacle adds to the confusion

HM Revenue & Customs’ volte-face over the status of income drawdown funds where the investor is under 55 does not fill the industry with confidence. Following legal advice, HMRC appeared to toughen its stance suggesting any transfer of funds to a different provider would be classed as an unauthorised transfer and as such the entire […]


Schroders takes stake in Best Practice

Schroders has taken a stake in Best Practice and its parent company Benchmark Capital for an undisclosed sum, Money Marketing can reveal. The size of the stake has not been made public, though it is understood to be “significant”. As well as network Best Practice, Benchmark Capital includes chartered IFA Aspect 8, network and chartered […]

A DGT with 100% access and 100% discount?

Clare Moffat, Technical Manager, looks at the benefits of pensions from an IHT perspective. 100% access and 100% discount – what type of wrapper could this be? A pension! Post flexibility there is 100% access (for those over 55) and normally pensions are inheritance tax (IHT) free. With flexibility the options available on death mean […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment