The firm says it is responding to demand for ETFs offering diversified exposure to fixed income markets, prop-erty, Eastern Europe, the Far East and emerging markets.The ETFs are listing over a three-week period on the London Stock Exchange and include funds giving exposure to the MCSI emerging mar- kets index, the MCSI world index, MCSI Brazil, Korea, Taiwan and Far East excluding Japan indices as well as the Dow Jones Euro Stoxx growth, value and select dividend indices and the FTSE European property index fund. Exchange traded funds are index funds bought and sold like ordinary shares on the Stock Exchange, with the benefit of giving diversified exposure to markets with liquidity lower charges than Oeics or investment trusts. iShares Europe chief executive Chris Sutton says: “This launch reflects our strategy to offer a more complete product set to our investors, who have been asking for these types of funds. Our expanded set of 28 iShares ETFs opens up entirely new investment horizons to our clients.” Seven Investment Man- agement director Justin Urq-uhart Stewart says: “For advisers and investors directly there has, until now, been a very limited range of ETFs available. iShares are allowing direct access to specific markets and broader investment themes and this is tremendously exciting. It is a red-letter day for investment managers and advisers looking after their clients’ investments.”
The child trust fund means that, for the first time, all children will have some money behind them at the start of their adult lives
Beachcroft Wansbroughs financial services arm will be advising on Standard Life Healthcare on purchase of the PMI business of FirstAssist Insurance Services. The purchase is subject to FSA and court approval and the formal portfolio transfer of the insurance risk to Standard Life Healthcare, which will be completed in the first quarter of 2006.
Ken Davy – Chairman, Simply Biz Services The issue of loss of consumer rights when they purchase on an execution-only basis is, or ought to be, a major issue for consumers and the associations which seek to protect them. Unfortunately, these organisations often seem to know the price of everything and the value of nothing […]
Axa Investment Managers is making five multi-manager funds available on its Smart platform, the firm’s version of an internal fund supermarket.
Jeremy Pearson is Technical Support Manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. Many parents value the standard of education offered by […]
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
BMO Global Asset Management fund manager Robert Burdett has more than halved the exposure to passive funds in most of the multi-manager funds amid fears of a bubble in the market. Burdett, who co-manages the £1.2bn F&C MM Navigator Distribution fund with Gary Potter, says the team has been cutting exposure to passive funds across […]
Opinion differs as to what has caused the advice gap. Some believe the move from commission to fees has made advice unaffordable for the mass market, with advisers having to focus on wealthier clients for commercial reasons, while others say the trend was happening anyway, regardless of the RDR. For Simplified Money director Lesley James, […]
Sales of protection policies are back at peak levels, with the sector growing by more than 20 per cent in the past year, despite adviser complaints over protection’s lack of popularity. According to the latest figures from Equifax Touchstone, sales of protection policies surpassed £149m between July and September this year — their highest level […]