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Credit Suisse Asset Management changes strategy after US attacks

Credit Suisse Asset Management says it has made a tactical changes to its Income and Monthly Income funds in light of the terrorist attack on America on September 11.

It has increased the “BETA” of the two funds which involves buying lowly rated economically sensitive stocks or highly rated growth stocks whose multiple has collapsed in the last 18 months.

Credit Suisse fund manager Bill Mott says: “After the New York terror I believe the governments and central banks will act very aggressively by flooding the system with liquidity and aggressively cutting interest rates.”


Britannic ads are all the fashion

Britannic Money has commissioned British fashion designer Russell Sage to design its new ads. The ads show a model wearing a garment designed from a Britannic Money umbrella. Britannic has sponsored Sage&#39s spring and summer 2002 collection at this year&#39s London fashion week to coincide with the launch of its new campaign. The company says […]

The Daley Update

Old Mutual Asset Managers has app-ointed Richard Moore as head of UK growth funds. He joins from Singer & Friedlander, where he was a UK equity fund manager. Moore will report to head of UK equities Ashton Bradbury and will assume management for the Old Mutual UK Growth fund. Norwich Union has recruited Gerardine Davies […]

Clerical boosts IFA support team

Clerical Medical&#39s Financial Planning Team has recruited four new members to provide support to IFAs.The team is responsible for providing IFAs with technical advice and support across all areas of financial planning.Christine Wakeley and Neil Edwards join the team as tax specialists, while Nikisha Patel and Elizabeth Duffy will specialise in trusts and estate planning.Wakeley […]

Standard Life Bank cuts mortgage rate

Standard Life Bank is cutting its standard variable rate for its freestyle mortgage to 5.75 per cent from 6 per cent from October 15, following last week&#39s cut by the Bank of England.Standard Life Bank Bank managing director Neil Ross says: “This is good news for our all our mortgage customers. Our new mortgage rate […]


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