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Chase Fleming gets dynamic about Europe

Flowers concludes: “As this product is a Luxembourg based umbrella fund, the investor has to be careful when it comes to arranging any tax planning issues. It is a distribution fund, so another factor is that gains will be subject to capital gains tax, making tax planning even more important. Also no income is expected from this product.”

Nigel Chapman, fund manager, James Brearley & Sons, David Flowers, branch director, Ronald Blue & Co, Chris Jordan, certified financial planner, Cavendish Financial Management.


St James&#39s Place increases business in 2000

St James&#39s Place increased its total new business by 42 per cent to £185m from £130m over 2000, with unit trust sales up by 122 per cent. Its business figures for 2000 show St James&#39s Place increasing its funds under management by 24 per cent to £5.7bn from £4.6bn, with staff numbers increasing by 8 […]

New chair for Sofa

Sofa has appointed 30-year-old IFA John Porteous as its new chairman, replacing Peter Williams who stepped down in December after serving for a year. Porteous is director of The Independent Financial Partnership and has 10 years experience in the financial services industry. He has been an IFA for three years, first with Robson Rhodes before […]

Scottish Life International times it right for Tessas

Scottish Life International has timed the introduction its latest income and growth bonus bond to coincide with the maturity dates of Tessas (tax-exempt special savings. Annual income can be taken at 11.2 per cent and quarterly income at 2.7 per cent. The growth alternative is fixed at 35.6 per cent, which is paid at the […]

Chase Fleming gets dynamic about Europe

CHASE FLEMING ASSET MANAGEMENT FF-European Dynamic Fund Type: Sicav. Aim: Growth by investing in European stocks. Minimum investment: Lump sum £2,000, monthly £50. Place of registration: Luxemburg. Investment split: UK 21 per cent, Austria 0.5 per cent, Belgium 1.5 per cent, Denmark 3.4 per cent, Eire 1.1 per cent, Finland 2.7 per cent, France 19.2 […]

Mark Page: why my biggest overweight stock is a discount Spanish retailer

Artemis European Opportunities Fund manager Mark Page is questioned about the merits of investing in Spanish supermarket group, Dia. Dia is a 7,000-store Spanish discount supermarket chain. But with cheaper food prices coming on to the market and an improving Spanish economy, journalist Alexis Xydias questions Mark about its inclusion in the Artemis European Opportunities […]


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