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Chase Fleming opts for dollar income

Chase Fleming Asset Management, formed in August 2000 by the takeover of Robert Flemings holdings by Chase Manhattan, has introduced the US dollar bond fund.

A Luxemburg-domiciled SICAV, the fund is aimed at investors who want to get the most out of returns from the US economy in the form of income.

It will invest in a portfolio of products which will include US corporate bonds, securities and US government debt and treasury bills (T-bills) and will benchmark the Lehman aggregate index. The company feels that recent interest rate rises in the US have slowed economic growth and reduced the possibility of a crash in the near future.

The American economy has seen a great deal of growth over the past eight years and although there are still no signs of a downturn, there are fears that it might happen. With the result of the US presidential election still looking uncertain, this will add to the uncertainty surrounding the US as an investment option. However, US government securities and T-bills have a great deal of security and this will ensure a low to medium degree of risk.

According to Standard & Poor’s the Chase Manhattan vista US dollar fund is ranked 75 out of 146 funds, based on £1,000 invested on a bid to bid basis with gross income reinvested over three years to September 18, 2000.


NU withdraws Bicentenary bond amid rate row

Norwich Union is withdrawing one of its with-profits bonds due to the furore surrounding high headline rates.It is writing to IFAs about the decision to withdraw the Bicentenary bond this Friday.The letter says: “It is becoming increasingly obvious that with-profit investment bonds being sold on the basis of high &#39headline rates&#39 are potentially confusing and […]

Small is bountiful

Most of us know the story of David and Goliath – the tale of the young shepherd who defeated the veteran warrior with only his slingshot. An interesting story but could David have triumphed with one hand tied behind his back?The introduction of Isas in April 1999 broke new ground. Central to the proposition was […]

CGU-NU merger halves fund range

Norwich Union Investment Funds is to condense the 48 funds of the existing CGU and NU ranges into 22 when the two ranges merge in May.The measure will also see the merged investment house disband three funds. The Norwich US smaller companies fund will close on January 31, 2001 while the CGU PPT long gilt […]

Reading the rights act

If you are an IFA with no employees, no casual staff, no homeworkers and no agency staff then this article will be of no relevance to you.If, however, you do have anybody who could be said to be “working” for you, you may want to read on.Monday, September 4, 2000 may not have struck you […]

Generation Rent

By Denise Wond, marketing manager We’ve heard a great deal about Generation Rent in recent years but what does it actually mean for consumers and advisers and has the face of the typical renter changed? The picture is certainly more diverse than it used to be. Homeownership is at its lowest point in 30 years, […]


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