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Birmingham Midshires is aiming to capitalise on fears

Birmingham Midshires is aiming to capitalise on fears investors may have about future stockmarket drops by introducing the Guaranteed Investment Account.

It is designed for investors who are looking for stock market growth but who are wary about stockmarket falls similar to those seen recently.

The product is a two-year guaranteed equity bond that tracks the FTSE 100 index, with the guarantee that even if the index falls beneath its starting level over the period, investors will get all of their original investment back.

The initial starting level of the index will be the average over the two-weeks from July 14 to July 28, 2000, while the closing level will be the average over a three-month period starting on March 28, 2002.

If the FTSE 100 index rises, then the return that the investor will get back will be 118 per cent of the original investment.

The product could be attractive to low-risk investors who are wary about investing in the stockmarket but who want guaranteed return of capital and better returns then those provided by a building society account. The product is otherwise unremarkable.


Morley Global fund raises £160m before launch

Morley Fund Management announces its Global Opportunities Trust has raised £160m in advance of its launch. The fund&#39s goal is to provide a high level of monthly income as well as potential for capital growth over its 10 year life. It will invest globally across business and industry sectors with significantly above average growth prospects. […]

Jupiter number one with IFAs survey reports

Jupiter controlled the largest chunk of IFA sales with 8.5 per cent of the market share in 1999 according to the UK Fund Industry Review. Coming second was Invesco with 6.7 per cent and M&G at 6.4 per cent. These results are a reflection of the high esteem Jupiter is held in by IFAs. Even […]

Jupiter Unit Trust Managers has introduced the Jupiter Undervalued Assets Fund

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Gene geniuses give new twist to biotech story

The mapping of the human genome may have given the biotechnology industrythe impetus to become the next top-performing fund sector.Given the strong performances over the last quarter, biotechnology andhealth are being recommended by some as the next areas to watch.Developments of the magnitude of the human genome project have the abilityto affect the performance of […]

Tax allowances and exemptions

Helen O’Hagan, Technical Manager at Prudential, looks into the planning strategies that can deliver considerable tax savings for your clients. Inheritance tax (IHT) Consider Margaret, featured on our Planning Matters family hub, who is a sprightly eighty year old with four children and several grandchildren. She’s recently been widowed and IHT planning is high on […]


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