View more on these topics

Fund manager urges caution on telecoms

A tech fund manager has warned investors away from the sector, saying telecoms still pose a threat to performance.

Royal & Sun Alliance Investments EuroTech fund manager Steve Martin says investors who buy into funds on the way down in the hope of making gains on the fund&#39s eventual recovery may end up very disappointed.

He says because there does not appear to be an end in sight for the continual lows that telecoms are posting, investors should be wary.

The warning is specifically targeted at Isa investors who tend to make once-a-year lump-sum investments and expect immediate returns.

Martin says: “Investors would be justified in believing TMT stocks have become the ultimate cyclical investment if it was not for the severe structural problems facing the telecoms industry. In short, that means technology is likely to retain its boom-bust credentials for some time.

“Right now, though, the sector is not going to go anywhere until things improve in the telecoms sector.”


MCCB guide sets out code rights

The Mortgage Code Comp-liance Board is publishing a new edition of its You and Your Mortgage guide which aims to inform consumers of their rights under the mortgage code.The guide includes a number of changes which aim to reflect the measures recommended in the DeAnne Julius report on banking.The changes include the removal of the […]

Mortgage Business aims to give fresh start to divorcees

Specialist lender The Mortgage Business is teaming up with packager The Mortgage Partnership to offer a mortgage designed for divorcees looking to move into a second property while still respon-sible for mortgage payments on the matrimonial home.TMP says the New Start mortgage, which it will distribute through intermediaries, differs from standard mortgages by treating the […]

Norwich & peterborough – Quantum Account (11th issue)

Friday, April 5 2002 Type: High interest account Minimum-maximum investment: £1,000-£25,000 single life, £50,000 joint life Interest rates: 4% gross a year until March 31, 2003, 4.5% gross a year until March 31, 2004, 5% gross a year until March 31, 2005, 5.5% gross a year until March 31, 2006, 7.5% gross a year until […]

Value Judgements

In the past few weeks, I have been considering the income tax and National Insurance implications when a company effects a life insurance policy on the life of an employee or director and later decides to assign that policy to the employee or director.We had occasion recently to seek the guidance of the Inland Revenue […]


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