View more on these topics

Britannic links with Argonaut

Britannic Asset Management has introduced the Britannic Argonaut European alpha fund, a unit trust which will contain between 30 and 50 European stocks, excluding the UK.

The fund will aim for above average returns by investing in higher growth stocks, for example, under-researched mid-caps and stocks within countries on the periphery of Europe. It will not be constrained by a benchmark index in terms of sector, country or size.

The fund will be managed by Argonaut Capitals Barry Norris and Oliver Russ, who previously worked together at Neptune Asset management. Norris has eight years experience of investing in European equities. He joined Neptune in 2002 as head of European equities, where he ran the European opportunities fund. Russ joined Neptune in 2004 as a fund manager and financial analyst. He spent the previous four years working with other members of the Neptune team at Oribitex.

The Britannic fund will use the same investment approach used at Neptune. The portfolio will contain their best ideas, but as soon as a new stock is bought the least good stock in the portfolio will be sold.
When selecting stocks, Norris and Russ will screen around 800 stocks which will be ranked according to attractiveness. The stockpicking process also involves company analysis and identifying factors that drive share prices.

According to Britannic, Europe is attractive in terms of valuation relative to other regions. It believes the addition of new EU member states last year has increased scope for investment. Emerging European countries such as Spain and Portugal are also viewed as worth considering because they are starting to prosper. But the pace of economic growth is uncertain and the strength of the euro against the dollar has affected companies ability to complete in export markets and against foreign companies in their home markets.


Julian Gibbs

Keydata has come up with yet another innov- ative investment plan which enables investors to get up to 40 per cent tax relief on investments in residential property.

Financial services salaries increase as candidate numbers fall in 2005

Financial services workers are seeing increasing salaries as the number of suitable candidates drops, according to Morgan McKinley.The specialist in financial services recruitment reveals average salaries increasing 2.64 per cent a year, now at 48,281.Salaries of senior professionals have increased 5 per cent over the last year from 70,852 in April 2004 to 74,409 in […]

Investment view

Self-invested personal pensions look like being the real growth area in financial planning over the next few years.


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