View more on these topics

Food for thought as Insight goes short

Insight’s multi-manager team has increased its short position on US smaller companies in its diversified target return fund through the ProShares ultra-short Russell 2000 exchange traded fund.

The ETF provides twice the inverse of the daily performance of the index. This means that unlike conventional ETFs, it will make money if the index falls and lose money if the index rises.

Insight has a negative view on US small caps, which it regards as expensive. Smaller companies have a greater dependence on the US consumer for their revenue, it says, unlike bigger companies that are typically more affected by global factors. Given the problems in the US sub-prime mortgage sector, the belief is that consumer spending will fall, which will hit small companies hardest.

Insight is also continuing with the agriculture theme in the diversified target return fund through the DWS global agribusiness fund. The fund invests across all parts of the food chain, from production to consumption, through listed companies around the world. Companies in the portfolio are involved in different types of agricultural business, from land and plantations to food products and biofuels.

Insight co-head, multi-manager Patrick Armstrong says: “We think that the demand side is strong from India and China, where there is an emerging middle class. Agriculture has lagged beh-ind other commodities and the only way that agricultural commodity prices will not rise is if intensive farming meets the demand. However, if that happens, the equities will give us a bit of a hedge because they will benefit.”


Model behaviour

Rutherford Wilkinson was an early adopter of the wrap concept as we felt there were a number of attractions but the main question was – which wrap?Ultimately, we opted for Transact as it allowed for explicit charging of our fees, their fees and fund management costs. We felt the transparency of this was to the […]

Allianz announces wellbeing conference

Allianz Insurance is holding a wellbeing conference to discuss what wellbeing encompasses, why it is important and how businesses can tackle it effectively.The conference, on September 18, will bring together experts from the fields of wellbeing management, behavioural safety, stress management and rehabilitation.Allianz says the ability of employees to carry out their duties has been […]

Miton hits the ejector button

MitonOptimal says it has concerns about blackbox investment strategies and sold out of the JP Morgan Highbridge statistical market-neutral fund just before it fell by almost 7 per cent in less than a week.

Two-way education

All advisers must unite to fight the catastrophic plans in the RDR


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