Large-cap growth shares will provide the best returns in the next 12 months, equities will outperform bonds, cash and commercial property and the FTSE 100 will end the year above 6,000. This is the consensus of the Adviser Fund Index panellists, according to the first AFI mid-season questionnaire.The vast majority of panellists expect the three AFIs to increase from their current values by the end of 2006. The average predicted end-of-year value for the Aggressive AFI is 141.1, up by 1.7 per cent from its August 17 level. Corresponding predictions for the Balanced and Cautious indices are 136.7 and 128.7 respectively, equating to a rise just shy of 3 per cent for both indices. Ben Willis, head of research at Whitechurch Securities, says: “Given levels of risk aversion, the more defensive and bigger companies should perform well. Utilities, tobaccos and banks should do better while autos and other cyclical sectors may not perform.” A small minority of respondents were not so upbeat about prospects for equities, with one panellist predicting all three indices to end the year with a value of 124. The panellists are generally confident about the prospects for Japanese equities, with 43 per cent of respondents predicting that Japan shares will outperform all other global regions over one and three years. Japan’s economy is expected to grow more strongly than the other major developed countries, with half the panellists expecting GDP growth to be greatest in Japan over the next 12 months. The AFI mid-season questionnaire was sent to all 18 panellists on July 28, 2006 and is broadly split into two sections – views on financial markets and AFI portfolio recommendations. The results are based on responses from 14 panellists. These are are Allenbridge, AWD Chase de Vere, Bates Investment Services, Bestinvest, Charles Stanley, Chelsea Financial Services, Christows, City Asset Management, Dennehy Weller, Gerrard Financial Services, Killik, Origen, Thinc Destini and Whitechurch Securities.
WPA is doubling its discount for health and dental plans bought online from 10 per cent to 20 per cent. The discounts apply to premiums quoted for Providential, mini-cashplan and XS health as well as flexible health, flexible health freelance and professional health PMI plans.
Industry figures want more innovation to drive forward the Home Buy scheme and shared ownership in general. At the Cicero Consulting summit, John Charcol senior technical director Ray Boulger said lenders should make more of the opportunity to offer investment vehicles such as Reits alongside shared-ownership lending services. Morgan Stanley chief economist David Miles said […]
Key Retirement Solutions has announced a partnership with Intrinsic Financial Services for equity release referral business.Intrinsic says it wants to ensure the best possible advice for their clients and has chosen Key Partnerships 300-plus advisers.Key business development director Dean Mirfin says: We are delighted that Intrinsic has chosen Key to supply its advisers with an […]
John Pattullo’s Henderson strategic bond fund illustrates the wide variety of holdings available to the fixed-interest manager and its performance is testimony to his skill
Value stocks have significantly underperformed growth stocks in Europe in the past decade. However, Rob Burnett, manager of the Neptune European Opportunities Fund, believes we are now approaching an inflection point. Watch the video below to find out more. In the video, Rob discusses: How low inflation and loose monetary policy since the global financial […]
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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]