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Don&#39t invest in tech funds says tech fund manager

Steve Martin, fund manager of Royal & Sun Alliance&#39s Investments Eurotech Fund, is warning investors to stay away from his fund and sector for the near future.

Martin warns that the technology, media and telecoms sector has become the ultimate cyclical investment, very sensitive to the overall health of the economy and is likely to retain its boom and bust credentials for some time.

Martin says: “Technology stocks have bounced back very strongly since the market bottomed out in the aftermath of the September 11th attacks, but too many investors have jumped in gambling that what was the worst performer on the way down will be one of the best on the way up. I am afraid they are going to be very disappointed.”


BDT global trust looks through emerging markets lense

BDT Investment Management, a boutique investment house established in 2000, has introduced the establishment investment trust. This aims for capital growth through a portfolio of global shares, fixed interest securities and hedge funds.The trust was designed as a rollover vehicle for a Luxemburg-based Sicav. It will not have a benchmark, so there are no specific […]

Product matters

The ABI critical-illness working party reports in May on issues threatening the future of critical-illness insurance. In the meantime, UnumProvident has come up with a positive prognosis for the market in the shape of a revolutionary new product, Elixia123.The original critical cover proposition was simple. A lump sum would be payable on diagnosis of a […]

Dough a dear

In the run-up to the end of the tax year, advisers will be concentrating a great deal of time and energy on financial planning. The slogan “use it or lose it” neatly describes the focus of much of their activity.This year, pensions can get in on the act in a way that has not been […]

X marks the spot

The UK&#39s biggest mortgage lender, the Halifax, can certainly not be accused of avoiding controversy or keeping a low profile over the past few months.Along with HSBC and Nationwide, Halifax hit the headlines with the Financial Services Ombudsman&#39s ruling that its dual-pricing policies introduced last year were unfair.Insult was added to injury for Halifax when […]

Flexible reversionary trusts and estate planning

The suitability of different estate planning solutions will depend on the individual’s own circumstances, needs and objectives. When considering the different solutions available there is a trade-off between inheritance tax (IHT) efficiency and access. Overall a flexible reversionary trust provides a greater level of flexibility than a discounted gift trust and can offer individuals a […]


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