View more on these topics

Edinburgh relaunches fund as part of Oeic

Edinburgh Fund Managers is relaunching its UK fixed interest fund as part of its newly-created Oeic.

The £23m fund was created by the amalgamation of Edinburgh Convertibles and the Edinburgh Preferred Higher Income in June this year.

As an alternative to the standard quarterly income distribution, there is a monthly withdrawal facility allowing investors to take a fixed income of 7.5 per cent per annum of their original investment down to a minimum monthly payment of £25.

Dealing in the fund, which is fully pepable, will commence on 1 October 1998. The annual management charge is one per cent.

Group marketing and sales director Nigel Whittingham says: &#34The aim of the fund is to provide a competitive yield achieved through investment in high quality stocks. We believe the fund will prove valuable to IFAs who wish to provide a fixed monthly income for their clients, rather than taking the variable quarterly dividend.&#34


Derbyshire offers 7 per cent for 2 years

Derbyshire (Isle of Man)MANX BONDType: Two year fixed rate offshore building society bond.Minimum-maximum investment: £5,000 – £250,000.Place of registration: Isle of Man.Interest rate: 7 per cent gross.Term: Until October 31, 2000.Offer period: While funds last.Withdrawal penalties: Subject to 180 days&#39 loss of interest on amount withdrawn.Tel: 01624 663432.

Scottish Widows Int. offers portfolio management

OFFSHORE INVESTMENTSScottish Widows InternationalPRIVATE PORTFOLIO BONDType: Offshore bond designed to offer high net worth clients a portfolio management facility within a life assurance structure.Aim: Principally to achieve capital growth although income can be taken.Minimum investment: Pooled Portfolio – £50,000 or $75,000, Personal Portfolio – £75,000 or $112,500. Additions – £5,000 or $7,500.Place of registration: Jersey.Investment […]

NPI launches sixth series with-profits bond

WITH PROFITS BONDNPISERIES VI WITH PROFIT BONDType: Single-premium unitised with-profits bond.Minimum investment: Initial – £10,000, additions – £1,000.Bonus rate: Initial bonus rate of 8.5 per cent a year until December 31, 1999.Allocation rates: £10,000 to £24,999 – 100 per cent, £25,000 to £49,999 – 100.25 per cent, £50,000 to £99,999 – 100.5 per cent, £100,000 […]

The MERIT of Murray Johnstone

The Murray Extra Return Investment Trust offers investment predominately in UK Equities providing income and capital growth. Our panel review the trust firstly discussing how it fits into the market.Dilke-Wing says: &#34It sits in the UK split capital investment trust sector well. The zero shares are going to be easily marketable given a competitive redemption […]

Leading Edge June – Investment panel debate

RLAM’s asset class specialists discuss some of the findings from the panel session at our recent Investment Conference. By Rob Williams, Head of Distribution Welcome to the latest edition of Leading Edge. It has been an eventful six months since the last e-zine. The European Central Bank announced ongoing stimulus measures, while the immigration crisis in Europe threw the […]


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