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Baring goes aggressively overweight in the Far East

Baring Asset Management has moved to an aggressively overweight position in Hong Kong and Singapore while maintaining its stance on Japan and emerging markets.

BAM says it remains confident that growth in China will, despite predictions to the contrary, continue to grow rapidly, prompting it to maintain its overweight position there. It also believes the rest of the region is in the very early stages of a recovery, aided by the decline of the US dollar which, with each devaluation, improves the East&#39s
competitive position against the Europe for traded goods and services.

Chairman of Baring&#39s strategic policy group Percival Stanion says: “Many commentators have become convinced that the Chinese economy is poised for a sudden downturn. There are signs of excess, but when we look at the contrast between the rhetoric of the authorities, which points to a desire to trim back growth in overheated sectors like property, and their actions, which are still expansionary, we conclude that growth will continue at a very rapid pace.”


Chelsea Building Society – Five-Year Buy-to-Let Fixed Rate

Type:Fixed-rate buy-to-let mortgage Fixed term: Until May 1, 2009 Fixed rate: 5.79% Minimum loan: £35,000 Maximum loan: Up to 80% of valuation subject to a maximum loan of £500,000 Income multiples: Rental income must be at least 130% of monthly mortgage repayments Arrangement fee:£295 Redemption fee: 5% of amount repaid until May 1, 2009 Introducer&#39s […]

Gartmore outsources admin to HSBC

HSBC is in exclusive discussions to take over the running of Gartmore&#39s back office administration. Under the deal approximately 105 Gartmore staff will transfer to HSBC subject to final negotiations and a staff consultation period. HSBC will then provide transaction processing and related foreign exchange, custody, portfolio and fund accounting and performance measurement for Gartmore&#39s […]

Boost for advisers as least worst rule axed

The least worst option has been abolished in final rules for mortgage regulation, meaning that lenders and intermediaries must send potential borrowers to an IFA if a product in their own range does not exactly meet their needs. Tied brokers or lenders will be prevented from recommending a product unless it is entirely suitable and […]

6.8% income deal on HSBC six-year plan

HSBC Asset Management is offering a capital and income plan which returns the investor&#39s capital at the end of six years and offers a fixed income payment of 6.8 per cent after year one. For the remaining five years, the plan will return variable income payments of between zero and 6.8 per cent a year. […]

IHT: What were you doing in 2009?

One of the best sources of new business is your existing clients and, if they are estate planning clients, regular reviews are needed because people’s inheritance tax (IHT) problems tend to only get worse. Now, not a lot of things remain at the same rate as in 2009. If we turn the clock back, it […]


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