View more on these topics

Exeter doubles up with Oeic

Exeter Fund Managers has introduced its second Oeic &#45 the hidden value portfolio.

The fund is a departure from the company&#39s first Oeic, which invests in zero-dividend preference shares, as it invests in UK stocks. There will be a concentrated portfolio of between 30 and 40 stocks selected by using a blend of stockpicking techniques.

The investment managers are Geoff Miller and Andrew Hobson, who both work on Exeter&#39s equity income fund, financial investment trust and equity growth & income investment trust. With the new fund, they will use top-down and bottom-up approaches to pick a combination of growth and values stocks from a range of sectors.

Benchmarks will not play a part in this fund but it is likely they will favour smaller companies with hidden potential. These may be companies such as smaller financials, property companies and outsourcing businesses.

This fund is following the recent trend towards riskier concentrated portfolios where the analysis of individual stocks takes precedence over geographical and sector weightings.

However, it is different to those like Royal & SunAlliance&#39s UK prime fund as it looks at smaller companies that are doing well in difficult market conditions. It will also be managed less aggressively, with many of the stocks viewed as long-term bets.

According to Standard & Poor&#39s, the Exeter equity income fund is ranked 49 out of 81 funds based on £1,000 invested on a bid-to-bid basis with net income reinvested over three years to October 15, 2001.


New capital bond from Newcastle Building Society

Newcastle Building Society is launching a capital safe bond this week. Even if the three indices linked to the bond, the FTSE 100, EuroSTOXX 50 and Nikkei 225 to which the bond is linked all fall over the term, investors are guaranteed all of their investment back and growth of 85 per cent of the […]

The regulation industry scam

As N2 gets ever closer, practitioners are regaled by offers from the compliance industry.I would have thought that there is very good case to be made for the regulator itself to regulate those seeking to make a “fast buck” on their back.The FSA&#39s failure to recognise individual groups such as IFAs with regard to compliance […]

Skipton Building Society – 3 Year Fixed 4.99 Per Cent

Monday, 15 October 2001.Type: Fixed rate flexible mortgage.Fixed term: Until January 31, 2005.Fixed rate: 4.99 per cent.Minimum loan: £5,000.Maximum loan: Up to 85 per cent of valuation subject to a maximum of £1m.Income multiples: 3.5 times principal income plus second or 2.75 times joint.Features: Overpayments, payment holidays, interest calculated daily.Arrangement fee: £295.Redemption fee: 3 per […]

Portman purchase of Sun Bank gets OK from DTI

Portman Building Society&#39s £95m purchase of Sun Bank has been cleared by the Department of Trade and Industry.The deal announced in September, which sees Portman buying the specialist lender from parent company Sun Life Financial of Canada, adds almost £1bn to Portman&#39s mortgage book.Sun Bank, with 75,000 customers and total assets of around £1.2bn, specialises […]

Tax avoidance (the fight goes on)

In recent times, we have witnessed high-profile celebrities and sports stars make the headlines for potential tax liabilities on ‘failed’ tax avoidance schemes. We are now used to reading about these individuals, but what about those who advise on such schemes? Read more


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