View more on these topics

Buckles ties up with Premier

IFA firm Buckles Investment Services is targeting other IFAs and their clients with its Snowdonia fund of funds range.

The snowdonia Oeic consists of three funds &#45 snowdonia income, snowdonia balanced and snowdonia growth. The management of the funds will be outsourced to different investment managers.

The snowdonia income fund will be managed by Premier investment director David Hambidge, who joined Premier in 1987. He was part of the investment team which established Premier&#39s funds of funds in 1995 and with the Snowdonia fund, will use the same investment strategy as Premier&#39s selector income fund.

The Snowdonia income fund has a target yield of 4 per cent a year and will be managed against a composite benchmark made up of the FTSE All Share and All Stocks gilt indices. Up to 60 per cent of the portfolio will go into UK equities, while the remainder will be invested in bonds and cash. Typical holdings include Neptune income and Mellon Newton income.

Many companies are bringing out funds which reflect their own take on the multi-manager trend, but those offering a range of funds tend to manage them in-house or outsource them all to a single investment management company. Buckles points out that although the underlying managers will be different, it is often the same manager choosing the funds. Buckles strategy of employing three different groups across the fund range may provide greater diversity.

Data from Trustnet shows the Premier selector income fund is ranked 5th out of 25 multi-manager funds in the income and bond sector over three years to November 1, 2004. It returned 16.8 per cent over this period compared with the sector average of 11.3 per cent. However, this falls short of the 24.5 per cent return produced by the top performing New Star monthly income fund over the same period.


Prudential plans compensation for poor service

Prudential is planning a system where it could make payments to advisers if service standards are not met. As part of a major service overhaul, the company says firms could receive compensation for poor service in the same way that pizza delivery operations give free pizzas where deliveries are late. As part of its preparation […]

Dresdner launches hedge fund covered warrant

Dresdner Kleinwort Wasserstein has launched the UK&#39s first covered warrant linked to a hedge fund index.The investment bank is this week launching a three year tracker certificate linked to the returns of the HFRX Global Index. Dresdner launched into the covered warrants market back in February and offers covered warrants based on UK blue chips, […]

Steve Bee on Pensions

The Pensions Commission report highlighted the fact that we face hard choices in dealing with the consequences of an ageing population. It seems that society must choose between poorer pensioners, higher taxes, working longer and saving more. The report acknowledges that accepting poorer pensioners is unlikely to be an attractive option and that a mix […]

Fidelity chief aims to develop new thinking on emerging markets

IFAs need to stop thinking of India and China as emerging markets and rename them developing markets, says Fidelity fund manager Arun Mehra. Mehra, head of investment strategy for the Fidelity India focus fund, thinks investor mentality towards India and China needs shifting. He says it would be more helpful for investment opportunities if the […]


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