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First State launches UK midcap product

First State Investments is launching a &#39British Midcap&#39 product early in 2002, to be run by its head of UK equities Derek Lygo.

The fund will hold medium-sized UK companies and will be benchmarked to the FTSE Mid-250 (ex-investment trusts).

First State chief investment officer Stuart Paul says: “The new British Midcap product and the First State British Fund are core to our UK equity product offering.  Derek&#39s reputation precedes him and I&#39m confident that the culture at First State will bring out the very best in such a high calibre portfolio manager, allowing him the freedom and discretion to make investment decisions within our investment process.”


NPI set off on income drawdown roadshow

NPI is hosting a series of income drawdown seminars for IFAs throughout December to help them keep abreast of what it sees as a growing market.The seminars are designed to explain the product to IFAs who are new to the market and give technical details to those already familiar with drawdown.

Savings and investment

B1. ISA CHANGESNo announced changes to ISAs so the maximum annual contribution limit of £7,000 (including up to £3,000 in cash) remains and can be used each year until April 2006.COMMENT ISAs will continue to form, for many, the first “block” of their non-pension wrapped investments. It should be borne in mind that the £7,000 […]

96% of N&P clients say public must take responsibility for environment

More than 90 per cent of Norwich & Peterborough Building Society customers believe that people should take immediate responsibility for the future state of the environment. Results from N&P&#39s latest environment survey – commissioned to celebrate Nat-ional Tree Week – show that 96 per cent of its customers want action to be taken now to […]

Brown&#39s positive action will promote growth – Seabrook

Peter Seabrook is head of UK equities at SG Asset Management and manages the UK growth fundAs expected the terrorist attacks of 11 September continue to dominate theagenda and Gordon Brown&#39s speech was no exception. A great deal of emphasiswas placed on economic growth in the speech and, despite lowering forecastsfor 2002, the figures still […]


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