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‘Get set for fund reaction from clients’

PSigma Asset Management managing director Ian Chimes believes advisers must get prepared to reassure their investment clients in May and June after they receive their latest fund valuations.

The majority of unit trust firms value their assets twice a year, with the upcoming valuation in April likely to show the growing impact of the credit crunch over the last six months.

Chimes says: “It will be a case of investor confidence. What has gone in markets recently is unlikely to go unnoticed and unless markets stabilise in the next few weeks, there is bound to be a recognition of the market turmoil when Isa, Pep and unit-trust valuations from April 5 land on people’s doormats. If the volatility persists, however, it will be a case of clear communications and reassurance of investing for the long-term.”

Wilson Dean Financial Services director Nick Lincoln says: “Advisers are likely to see a small increase but hopefully most clients would be prepared for the change and most advisers would be looking at valuations online and be prepared for any calls.”

Chelsea Financial Services managing director Darius McDermott says: “It is true that looking at your investment on paper does make people realise what is actually going on but we think most clients are wise enough to recognise what is happening and we think that an increase in May and June would be fairly modest.”

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