View more on these topics

Edinburgh Inca Trust outperforms benchmark

The Edinburgh Inca Trust has posted a 31.8 per cent increase in its net asset value for the six months to March 31.

This increase outstrips the South American benchmark, the IFC Latin America Investible Index by 5.5 per cent. The index rose by 26.3 per cent in comparison to the trust.

The share price also increased by 68.9 per cent to 19p and the discount narrowed to 21.3 per cent from 38.6 per cent.

The Edinburgh Fund Managers, who manage the trust attribute its outperformance of the benchmark to its asset allocation.

The majority of trading activity within the period was switching between markets. The weighting in Brazil was reduced in January and the cash was used to increase the weighting in Chile.

This reflects the returns witnessed in the individual markets in South America, with markets up in Mexico and Chile by 55 per cent and 41 per cent respectively.


Coventry Building Society launches flexible mortgage

Coventry Building Society is launching into the flexible mortgage market for the first time.The new Flexible Mortgage allows the borrower to take premium holidays or make overpayments.The variable interest rate is 5.75 per cent up to 75 per cent loan to value or 5.99 per cent up to 95 per cent LTV.The mortgage also guarantees […]

Exclusive Mortgages Direct caps for two years

Exclusive Mortgages Direct has launched a two-year capped-rate flexible mortgage.The rate is capped until June 1, 2001 at 5.55 per cent for loans up to 95 per cent loan to value. The minimum loan is £25,000.The product is funded by Bank of Ireland Mortgages and is available exclusively through EMD. The procuration fee is £250, […]

Kensington Mortgage Company offers free insurance

Kensington Mortgage Company is offering all new borrowers three months&#39 free home insurance.In addition the specialist lender is offering a 1 per cent discount on all variable rate products until May 2000.Kensington&#39s executive chairman Martin Finegold says: &#34We decided to offer free insurance in the first three months as a way of alleviating the pressure […]

Norwich & Peterborough Building Society restricts access to Isas

Norwich & Peterborough Building Society will restrict access to its mini-cash Isas from May 22.The restrictions mean Isa accounts must be opened in person at one of the society&#39s regional branch network in East Anglia.The constraints are imposed to prevent speculative activities from carpetbaggers.The move does not effect existing N&P customers.The society is the latest […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm