View more on these topics

Baring applies for distributor status

Baring Asset Management has applied for UK distributor status for three of its offshore multi-manager funds to attract retail investors through IFAs.

The extended risk, optimum risk and reduced risk funds were launched in 2004 as unregulated investments aimed at pension funds but were made Ucits III compliant last summer. The minimum investment was also reduced to £5,000 from £250,000.

The company says distributor status will make the funds more appealing to UK investors because without it gains are treated as income, so investors cannot obtain taper relief. Baring AM believes its risk-based approach to asset allocation and portfolio construction sets it apart from other multi-manager, multi-asset offerings.

The multi-manger team, headed by Sam Jeffries, analyses the risk and return characteristics of different asset classes based on 10-year estimates of returns. Asset allocation is tactical, based on getting the best returns for the lowest practical levels of riskBaring head of marketing Ian Pascal says its risk-based approach has been popular among pension funds that have needed to match risk and return profiles against their liabilities. He believes retail investors are catching on to the idea of seeing investment in terms of asset class and risk.

He says: “There is still a huge demand for single asset class funds but the evolution over the last two to three years has been to a broader asset mix. You have alternatives such as property and private equity that are becoming more accepted in the market so that they are not really alternatives at all these days.

“The difference with multi-asset investing is that fads come and go but increasingly asset allocation does add value. Asset allocation and strategic policy are our strengths – we look at the level of risk and return. That is why we have been successful in obtaining defined-contribution schemes investing in the funds. They are confident that they know how a fund will act.”


£1.6Bn war chest as Resolution seeks more acquisitions

Resolution plans to grow its protection proposition and may set up a shareholder-owned annuity company in 2007 to retain vesting pension funds.It remains on the look out for acquisitions despite revealing recently that it is no longer in talks with rivals about a possible trade sale.The group has an estimated surplus of £1.6bn for acquisitions […]

FSA warns senior managers after £30k fine

The Financial Services Authority has fined the ex-finance director of a former ING subsidiary £30,000 for breaches of FSA principles by “failing to exercise due skill, care and diligence in carrying out his role”.

Dalton replicates UK fund

Dalton Strategic Partnership has launched the Melchior selected trust UK opportunities fund. This is a Luxemburg based Sicav which replicates the investment strategy of the onshore Melchior UK opportunities fund.

Sierra Leone cover image - thumbnail

White paper — Sierra Leone International Insights

Jelf Employee Benefits assesses the areas that employers should be aware of when considering operating in Sierra Leone, including healthcare access, delivery and insurance provisions. This report draws on various sources to highlight specific considerations for this emerging jewel in West Africa.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm