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 […]
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HM Revenue & Customs has published guidance on how new income tax bands in Scotland will affect pension schemes and their members. The note is a response to the Scottish Government’s confirmation it will introduce five income tax bands for 2018/19. Pension savers in Scotland currently receive pension tax relief at their marginal rate but […]
SimplyBiz Group is considering an initial public offering of £150m on the London Stock Exchange. According to a Reuters report, the potential float could value the company between £140m and £155m and is expected to raise £30m of new money. SimplyBiz joint group chief executive Matt Timmins confirms the business has recently appointed Zeus Capital as […]
Brewin Dolphin has been ranked the preferred DFM in a Money Marketing survey of advisers and paraplanners, well ahead of the next most favoured, Quilter Cheviot. Thirty-three per cent of respondents listed the business as their preferred DFM, followed by 10.2 per cent responding in favour of Quilter Cheviot. LGT Vestra, Brooks Macdonald and Parmenion […]