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Finsbury Worldwide Pharmaceutical trust is renamed

Shareholders of the Finsbury Worldwide Pharmaceutical Trust have voted to change its name to the Worldwide Healthcare Trust.

The board of the trust, managed by OrbiMed Capital, says the change in name more accurately reflects the investment trust’s broadened investment policy.

Prior to the change, the trust’s policy was to invest in pharmaceutical, biotechnology and related companies in the healthcare sector. Now the definition of the healthcare sector has been widened to include companies in healthcare equipment and technology and services. (article continues below)

The trust’s benchmark has also been changed from the Datastream World Pharma & Biotech Index to the MSCI World Healthcare Index.


Herbert in benefit move to Origen

Steve Herbert is joining Origen’s corporate pensions team as a senior benefits education consultant from Truestone Employee Benefits.

Emerging markets allocation hits dangerous level

Asset allocators have almost doubled the size of their overweight position to emerging markets, reaching a level which has historically coincided with short-term underperformance, according to the Bank of America Merrill Lynch (BofA ML) fund manager survey for February. As risk appetite returned to more normal levels in February, global managers upped their weightings to […]

Executive director role for Earls

Equitable Life has appointed Mark Earls as executive director. He joined Equitable in 2002 as head of operations and programmes.

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Engaging millennials: Top five tips

By Jamie Clark, Business Development Manager Our latest research looks to understand the key influences on millennials’ future long-term pension savings. Here are our top five takeaways to consider when developing a strategy for advising them. 1. Every millennial is different. One thing that came through loud and clear in our research was that pigeon-holing […]


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