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GAM launches American fund

Global Asset Management is launching its Star American Focus fund today, with a 2 per cent discount on applications received by October 5.

GAM put back the launch by a week after the US attacks, and says its decision to launch so soon after the disaster is designed to give investors the opportunity to benefit from any upturn in the US equity market.

GAM Star Focus will invest in large and mid-cap US equities and will be managed by James Abate, former managing director and portfolio manager for Credit Suisse Asset Management&#39s US Select Equity portfolios.


Northern Rock boosts flexibility

Northern Rock has introduced a two-year fixed rate flexible mortgage at 5.69 per cent until January 1, 2004.The mortgage is available for loans of up to 95 per cent of valuation and interest is calculated on a daily basis. It also allows overpayments, underpayments, payment holidays and lump sum withdrawals to be made.However, if borrowers […]

Linked bonds spark fears of misselling

IFAs fear that the recent stockmarket slump could mean many high-income and stockmarket-linked bonds fail to reach their investment targets, leaving policyholders out of pocket and triggering claims of misselling. The fall in stockmarket indices to which many of the bonds are linked could mean that some policyholders lose their entire investment, as many bonds […]

Portal perfection?

Last week saw yet another twist in the tale of consolidation in the IFA technology provider market with the announcement of the agreed takeover of Exchange FS, holding company of the Exchange portal by Marlborough Stirling. Although the Cheltenham-based software company may not be well known to many IFAs, it has a well established reputation […]

Wood to run networks in Misys shuffle

Tony Wood is taking over as network director for Countrywide and Kestrel, with Max Wright promoted within the Misys organisation.Wright is taking up a business development role at Misys IFA Services.In his new role, Wood will report to Misys IFA Services chief executive Patrick Gale. He joined Misys in March last year from Zifa, where […]

Inheritance tax when it is relevant

Neil Jones is Technical Support Manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. A trust can offer significant advantages when an individual is […]


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