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DWS switches Euro opps manager

DWS Investments has changed manager on its European Opportunities fund.Paras Annand has taken over from Julian Barrell, who had run the portfolio, which holds 25 equally weighted stocks, since its launch in November. Since taking the reins, Annand has already changed 24 of those 25 holdings and moved the fund towards a mid and small cap bias. Barrell is to concentrate on running hedge funds for DWS.


Axa fund pays dividends and builds in CPPI guard

Axa Investment Managers is introducing a 100 per cent capital-guaranteed structured product with performance linked to the FTSE 100 total return index. The structure will enable the product to capture dividends as well as capital growth, negating one of the main arguments against investing in such products. Exposure to dividends will be obtained through investing […]

A&L fixes two-year rate at 4.95% for up to 95%

Alliance & Leicester is offering a new range of fixed and discounted-rate mortgages which feature reduced arrangement fees. A two-year fixed rate at 4.95 per cent until December 30, 2006 allows clients to borrow up to 95 per cent of the property value. A two-year discounted rate is available at 2.4 per cent discount off […]

Post-sale cash should go to the serving adviser

I refer to Roger Yates&#39 letter (Money Marketing, September 16) on the subject of renewal commission. As someone who joined the industry in 1970 – before Lautro – I was always taught that renewal commission was paid as an incentive to agents to service the client&#39s ongoing needs and, as a result, hopefully produce further […]

Investors worried about six key issues

The chief investment officer of Merrill Lynch Investment Managers has highlighted key worries of clients.Mlim president Bob Doll says that investors are concerned about economic expansion, corporate earnings, interest rates and inflation, oil prices, terrorism and politics.Doll reckons that the fluctations caused by these issues is making a trendless market where diversification remains the best […]


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