The best fund managers see setbacks like the present one as a buying opportunity and there are often real bargains to be had, particularly in the smaller companies sector.Despite rising taxes and utility prices, some smaller companies in niche areas, especially those supplying the public sector where spending continues unabated, can show substantial increases in profits. In times like these, it is important to choose fund managers who have proven expertise in this area. Investors should be warned that results are unlikely to show through immediately. However, over the next year, it is likely that smaller company funds will outperform the FTSE All Share index. Some of the fund managers I like most include Giles Hargreave of Marlborough special situations, Richard Plackett of Merrill Lynch UK smaller companies, Daniel Hanbury of Investec UK smaller companies, Roger Whiteoak of Framlington UK smaller companies, Frank Manduca of UBS UK smaller companies and Stuart Sharp, who manages the two Rensburg smaller company funds. Of those managers with improving smaller company performance, Daniel Nickols, who runs Old Mutual UK select smaller companies, is a particular name to watch. Others are Harry Nimmo, of Standard Life UK smaller companies, and Simon Bailey, who manages both the Prudential and M&G smaller company funds. But a word of warning . Beware of poor performing managers in the smaller companies sector as these can suffer even bigger losses than those of bigger company funds.
A better deal for women and carers will underpin the Government’s pension reform agenda, says Work and Pensions Secretary John Hutton. Speaking at a Fabian Society event, Hutton said the Pension White Paper will simplify the credit system to better reflect the way people contribute to society. Hutton said the Government will target women aged […]
Given the market correction, multi-managers should make a tactical switch in direction and increase their exposure to closed-end funds. Historically, discounts have moved in line with sentiment within the London stockmarket so it is not surprising that they have widened since the market peaked on May 11.
The Association of Home Inf-ormation Packs has attacked Tory leader David Cameron, describing his stance on Hips as an example of the “uninformed” comment circulating in Westminster. Speaking at the Mortgage Business Expo in Manchester last week, Ahips deputy director general Paul Broadhead said Cameron’s suggestion that Hips should be scrapped because of the damage […]
Much has been written of late about the alleged demise of the industry’s Holy Trinity: packagers, networks and clubs. So as an intermediary business which has a limited interface with all three, I think Hamptons has a relevant opinion.
Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Portfolio Review The Merchants Trust reported results this month and the directors were pleased to announce a 35th consecutive year of dividend growth (subject to shareholder approval at the AGM). The Company is proud to be highlighted as […]
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The Financial Ombudsman Service has appointed Money and Mental Health Policy Institute vice chair Richard Lloyd to lead an independent review into its complaints handling process. The former Which? executive director has been charged with producing a report into FOS’ practices after a Channel 4 documentary earlier this year suggested a number of failures at […]
Aberdeen Standard Investments has voted against multi-million pound payouts for senior executives at housebuilder Persimmon. Persimmon held its annual general meeting today. There was a huge outcry at the end last year when it emerged the chief executive, chief financial officer and managing director of Persimmon were in line for huge pay packets as a […]
Consideration of non-pensions related tax-advantaged investment is becoming more necessary This week I want to take a look at where things stand in relation to pensions and planning using tax-advantaged investments following the Spring Statement. With the increasing impact of the lifetime and annual allowances, consideration of non-pensions-related tax-advantaged investments is becoming ever more necessary […]