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Autif says investor behaviour in 1998 is very similar to last year

Unit trust, OEIC and Pep investors are in a very similar way to last year despite very different market conditions according to the Association of Unit Trust and Investment Funds.

Autif says Pep sales are marginally down on the same period last year and in recent months there has been a shift from Equity Income funds to Corporate Bond funds, similar to the trend in 1997.

But both retail and institutional investors have continued to show an appetite for North American funds and shunned UK smaller company funds.

AUTIF director general Philip Warland says: &#34People do appear to be responding to reason rather than fear in the current turbulence and looking more to bonds for income.&#34


Scottish Widows cuts standard variable rate mortgage

Scottish Widows Bank is reducing its standard variable mortgage rate to 7.49 per cent from 7.99 per cent.It says this rate will be available with its 80 per cent LTV Flexible Mortgage and 110 per cent Professional Mortgage.Managing director Rob Golbourn says: &#34Our variable rate has been recognised as consistently lower than most lenders in […]

Microsoft imports its professional development conference from the US

Microsoft is importing its Professional Developer Conference from Denver Colorado to Birmingham and is advising IFAs to book early as the US event attracted over 6500.The conference which promises the best bits of the US version takes place on December 4.The one-day event will focus on application development within Windows 2000. Microsoft says the new […]

CGU projects environmental image

CGU Life plans to project an illuminated 20-foot Energy Efficiency logo on to its head office building to demonstrate its commitment to environmental issues.The stunt is part of a national campaign being run by the Energy Efficiency Advice Centre to promote the reduction of wasteful energy usage.CGU Life head of facilities Rob Brown says: &#34We […]

Soc Gen to launch equity unit trust next year

SocGen Asset Management says it will launch an equity unit trust in February next year to be managed by joint managing director Nicola Horlick.SocGen has launched three retail funds this year, covering UK Growth, Technology and European Growth.It has delayed the launches of several other retail funds because of the market volatility.


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