View more on these topics

Dramatic surge for UK smaller companies

UK smaller companies funds made a dramatic recovery in the third quarter of 2000 to become the top-performing unit trust sector.

The results, revealed in Lipper&#39s quarterly unit trust survey, show the average UK smaller companies fund has risen by 8.39 per cent over the last quarter. The top-performing fund, M&G&#39s Innovator fund, rose by more than 60 per cent for the quarter.

The figures show a marked recovery for the sector, which was the second worst performing sector in the previous quarter when it fell by 8.09 per cent.

North American unit trusts also had a strong quarter with an average return of 5.07 per cent, while North American unit trusts were up by 7.42 per cent.

The worst-performing funds those were invested in Japan, the Far East and Europe. Japanese smaller companies funds were down by 9.24 per cent for the quarter while European funds were down by 4.94 per cent. The worst-performing fund, the Schroder Seoul fund, fell by almost 30 per cent.

Recommended

Talkback

Is the ABI&#39s Saltr initiative going to raise standards across the industry?“I would like to think sobut I can&#39t see it is goingto make an enormous difference.”Chris Howell, Seaway Insurance Consultants “It is not going to work unless it has the support of the whole industry. It could cause confusion because there is a raft […]

SG Asset Management – Eurotech Isa

Tuesday, 24th October 2000.Type: Unit trust maxi Isa.Aim: Growth by investing in European growth unit trust and technology unit trust.Minimum investment: Monthly £100, lump sum £2,000.Maximum investment: £7,000.Catmarked: No.Investment choice: 50 per cent in European growth unit trust, 50 per cent in technology unit trust.Charges: Initial 5.25 per cent, annual &#45 European growth 1.5 per […]

The future is about flexibility

Borrowers are becoming more educated and choosy when it comes to mortgages – but they still rely on IFAs to close the deal.The internet has made it easier for borrowers to research different types of mortgages and they are now looking for products that cater for specific needs. But they are still turning to IFAs […]

Top advice needed to give IPAs a fighting chance

The IPA is here, or is it? The continuing publicity surrounding stakeholder pensions and the new defined-contribution tax regime has left the Treasury&#39s fledgling concept of a year ago stranded on the touchline as mainstream support for traditional pension vehicles thunders onto the pitch.What is an Individual Pensions Account?The answer is not so much what […]

Finding security in bond markets

Martin Foden, head of credit research at Royal London Asset Management, explores the role of secured bonds, considering the impact of default and the characteristics of secured bonds versus supranationals and highlighting some examples. He also examines the evolution of the credit market and rating agency inefficiencies. Read the article in full: The value of […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment