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Close Finsbury Asset Management – Close Finsbury UK Gilt Fund

Type: Offshore Oeic

Aim: Growth and income by investing in UK gilts

Minimum investment: Lump sum £1,000

Investment split: 100% UK gilts

Place of registration: Dublin

Charges: Initial 4.5%, annual 1%

Commission: Initial up to 3%, renewal 0.5%

Tel: 020 7426 4372


FMG sees sun rise on emerging three

FMG Fund Managers is taking advantage of the revival in the Far East and emerging markets by introducing the FMG rising3 fund. This multi-manger hedge fund focuses on three countries &#45 China, Russia and India &#45 with a different fund manager responsible for each region. However, the managers will all short-sell overvalued equities and buy […]

House prices up by 1.2 per cent in November – Nationwide

House prices rose by 1.2 per cent in November down from a 2 per cent rise in October, according to Nationwide&#39s monthly house price index. The average house cost £133,388 in November up from £131,947 in October. Group economist Alex Bannister says: “The housing market remained firm in November with the price of the typical […]

FSCS declares RJ Temple in default

The Financial Services Compensation Scheme (FSCS) has declared R J Temple in default, which means that FSCS is satisfied the firm is unable to pay claims against it. A declaration of default opens the way for anyone who has lost money as a result of dealings with the firm to make a claim for compensation […]

Morley teaming up with Morgan for admin service

Morley Fund Management is planning to establish an investment admin service with JP Morgan Investors Services over the next 12 months. The companies are combining Morley&#39s admin operating platform with Morgan&#39s investment admin infrastructure. The service will move through stages including the transfer of Morley employees and operational assets to Morgan, which will carry out […]


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