View more on these topics

Framlington offers discount on fund amid hopes for strong health sector

Framlington is offering Isa investors a 1 per cent discount on its health fund because it believes the fundamentals for investing in the healthcare sector look good.

The Framlington health fund invests in four sectors – biotechnology, drugs and drug delivery, medical services and medical devices.

Framlington says the medical devices sector will benefit from the launch of new heart and hip replacement products while healthcare services could receive a boost from well-managed, investor-owned hospital groups increasing market share.

The fund fell by 40.4 per cent in 2002 but has grown by 4.88 per cent over three years, 39 per cent over five years and 197 per cent over 10 years. It has seen 728 per cent growth since launch in 1987, according to Standard & Poor&#39s, based on an offer-to-offer basis with net income reinvested.

Framlington says the long-term trend for the world&#39s elderly population to increase will act as a continued driver for demand for healthcare.

The fund has an initial charge of 5.5 per cent, discounted to 4.5 per cent until the end of the tax year, and the annual charge is 1.5 per cent.

Marketing director Craig Walton says: “There are powerful arguments for long-term investment in healthcare, whatever your view of short-term market prospects. In 2002, share prices of many healthcare stocks bore little relation to the positive underlying performance of the companies. This, together with the lack of a strong year-end rally. means that we feel the sector is well positioned entering 2003.”


Norwich Union – Prosper (Growth) Bond Issue 5

Friday, 28 February 2003 Type: Guaranteed equity bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £3,500-no maximum Term: Five years Guarantee: Capital returned in full regardless of the performance of the index Return: Up to 57.5% net growth at end of term Closing date: March 28, 2003 Special offer: […]

Prudential WP bonuses cut by up to 20%

Prudential is reducing payouts on with-profits by up to 20 per cent and leaving some shorter-term polices without a terminal bonus.The company says the move is a result of the current state of the stockmarket, which it does not expect to pick up over the coming year.The cuts mean that an investment of £10,000 in […]

Fidelity is number one choice for fund firm

Fidelity is the first choice in fund firms for IFAs as a partner in a multi-tie.In response to the question in the State of the IFA Nation poll, which four companies would be your multi-tie choices, Fidelity leads the way with 44 per cent and Invesco Perpetual came second with 20 per cent.Jupiter, New Star […]

Pack attack

Seller&#39s packs will be with us either in early 2005 or 2006. That is the commitment from the Government that was outlined in the Queen&#39s Speech documents and which will be proved when the revised Homes Bill is reintroduced to Parliament in the next few weeks.After all the years of will they, won&#39t they, we […]


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