View more on these topics

Autif traces stocks surge

A surge in technology funds investment can be traced to interest from private retail investors, according to the Association of Unit and Investment Funds.


November&#39s figures from the Autif show a record inflow of £220m plus a 200 per cent rise in technology fund sales.


In total £247m flooded into the global specialist sector, with 90 per cent of this poured into technology funds.


Autif director of communications Anne McMeehan says: “Technology stocks have been attracting attention for some time now, but this is the first time we have seen the same sort of enthusiasm extended to unit trusts and OEICs.”


Recommended

Insurers bite back on Millennium bug

Most householders don&#39t know how the millennium bug may bite, according to Axa Insurance.Many consumers have little idea how the bug could affect their motor, home and travel insurance policies, according to Axa&#39s survey.The figures also show only a third of people know house insurance policies will cover claims caused by the bug.Also, only a […]

Widows policyholders vote for Christmas cash bonanza

Scottish Widows policyholders are set for a financially merry Christmas thanks to members voting in favour of its take-over by Lloyd&#39s TSB, leading to a £5.4bn cash bonanza.Nearly 97 per cent of the mutual insurer&#39s members voted to transfer business to Lloyd&#39s TSB at a general meeting in Edinburgh, ending Widows184 years as a mutual […]

Building societies lose out on equity Isas

Savers are shunning building society access account for stocks and shares, a Mercury Asset Management survey has revealed.The fund manager&#39s insight on UK investors shows three in ten savers believing stocks and shares give the best returns over five years, while one in five believe the same of building society instant access savings accounts.A Mercury […]

FSA hit squad to target on-line fraud

The Financial Services Authority are training a hit squad of officials to surf the net for on-line fraudsters.The FSA are hoping the move will prove a cost-effective way to crackdown on the growth of UK internet fraud.The regulator has teamed up with international watchdogs, including the US Securities and Exchange Commission, to maximise the officials&#39 […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment