View more on these topics

Fleming rethinks tech fund name to end IFA confusion

Fleming is to change the name of its technology fund for the second time in six months.

The fund is presently called the applied science and technology trust after changing its name from the geared growth investment trust.

But brokers and investors were confused by the new name, taking applied science to mean a focus in the biotechnology sector.

The next proposed name, Fleming technology trust, is set to be approved at the company&#39s AGM in September, which it hopes will clear up any ambiguity.

Shareholders approved a change of investment strategy in March from general investment in UK growth stocks to “capital growth from global investment in the applied science and technology sectors”.

The £104m fund has completed the reinvestment of its portfolio, with its 30 biggest holdings all in technology stocks. Sixty per cent of the technology portfolio is now invested in North America, with 13 per cent in Europe, 10 per cent in the UK, 8 per cent in Japan, 5 per cent in Asia and the balance in cash.

Recommended

Stakeholder companies face a decade of losses

Pension providers face more than a decade of losses on stakeholder pension plans if they try to pay IFAs commission, according to actuarial calculations carried out for Money Marketing.Actuarial projections calculated on stakeholder profits show the break-even point for IFA-commission-paying stakeholder plans is up to 11 years after start-up.Comparable figures for internet-based distributed schemes show […]

Employers need advice

For the vast majority of employers, the days when it was possible to ignore pension provision are numbered. By October 8, 2001, all employers should have carried out an audit of their pension provision. Failure to comply with the new requirements could result in a fine from Opra. The safest approach for any employer is […]

Trackers lose the ascent

Tracker funds were never meant to be “all singing and all dancing” and were never seriously expected to outperform actively managed funds for long.A recent Money Marketing survey found that the top 10 Isa contracts, using projected growth rates and deducting management charges, were all tracker funds. This comes as no surprise really. Using projected […]

Deutsche Global Liquidity Series

The Deutsche Global Liquidity Series from Deutsche Bank is an umbrella UCITS fund domiciled in Dublin, aimed at institutional investors who are looking for income.Global liquidity will consist of three short term liquidity funds, the Deutsche managed euro, Deutsche managed sterling and Deutsche managed dollar. Each will invest in sovereign debt and short-term cash bonds […]

Budget summary – March 2016

This week’s Budget looked as if it would be a difficult one for the Chancellor, with disappointing economic numbers and the need to avoid ruffling feathers ahead of June’s in/out referendum. Nevertheless, Mr Osborne did spring a few surprises, including some tax reductions. So how does this budget affect you? If you are – or […]

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