View more on these topics

European flavour for Govett&#39s TMT trust

AIB Govett Asset Management is offering a new European TMT fund inspired by the success of the technology holdings in its European strategy fund.

The Govett European technology fund aims to achieve long-term capital growth by investing in pan-European companies, excluding the UK, which either develop or utilise new technology.

The fund holds around 50 stocks and is managed by Peter Kysel using a thematic approach. Its biggest holdings are currently in the telecoms sector, including Alcatel, Ericsson and Nokia.

Govett is offering a 1 per cent discount on the initial charge of 5 per cent until November 30. Annual management charge is 1.5 per cent.

Initial commission is 3 per cent with 0.5 per cent trail. Minimum investment is a lump sum of £500 or £25 a month.

Kysel says: “This is a great time to invest in Euro tech stocks. The outlook for European equities is still very positive and the technology sector looks particularly appealing. Economic conditions remain very promising and technology revenue as a percentage of GDP is expected to grow from 2.6 per cent in 1999 to 4.7 per cent in 2005.”

Sales and marketing director Graeme Sinclair says: “We are launching at a time of considerable IFA support for European stocks.

“The added interest in the technology sector, coupled with a very sound stock selection process, makes this new fund a very compelling pro-position. We are looking forward to a very positive response from IFAs.”

Recommended

Chase Fleming invests in European expansion

Chase Fleming Asset Management is bringing in the new European convergence fund.Aimed at investors who want to get some exposure to Europe, the fund will invest in countries that are close to joining the European Union and which are preparing their economies to be compatible with joining the Euro.These will initially include Poland, the Czech […]

Risks and rewards on CD-Rom

Scottish Equitable has developed an interactive CD-Rom to help IFAs advise their clients on the risks and rewards of personal investment portfolios.The Risk and Reward CD-Rom allows IFAs to input clients&#39 investment details which are then assessed against a benchmark portfolio according to a risk profile selected by the IFA. The benchmarks suggest proportions that […]

Occupational members back ethical lobbying

Three-quarters of occupational pension scheme members believe pension funds should encourage the companies they invest in to behave ethically, according to Friends Ivory & Sime.Research by NOP on behalf of the fund manager shows 74 per cent of members would like pension funds to use their influence as shareholders to encourage socially responsible business practices.Of […]

Virgin good, IFAs bad?

Fascinating issues relating to online personal finance were examined by a wide range of speakers at the recent Forrester UK Retail Finance Forum.For me, none was more fascinating than the presentation by Paul Pester, managing director of Virginmoney.com. However, I suspect the subject of my interest was not one he had intended.Specifically, when it comes […]

Boosting our annuity strategies

Targeting annuity purchase in lifestyle strategies isn’t anything new but we’ve just lifted the bonnet and injected an enhancement shot into the end-point of these solutions. The recent volatility has shot short-term volatility into equity markets and painted a very turbulent backdrop but we’re also equally faced with a stressed fixed interest environment. This can […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com