View more on these topics

Global portfolio meets IFA demand

Mercury Fund Managers, the unit-trust arm of Mercury Asset Management, is launching a managed growth fund that will invest directly in global equities.

The move follows pressure from IFAs for an international managed equity portfolio from Mercury.

The Mercury Growth Portfolio aims to achieve long-term growth by investing 75 per cent of assets in UK equities, 9 per cent in European and US equities and 4 per cent in Japanese equities. The remainder will be invested in emerging markets, the Pacific Basin and cash.

Mercury Private Client Div ision investment director Barry Woolf is managing the fund. It has already taken £15m from institutional investors.

The initial charge is 5 per cent and there is an annual management charge of 1.5 per cent.

The minimum investment is £10,000 or £6,000 via a Pep. Commission is 3 per cent initial and 0.5 per cent renewal.


ABI scotches rumour of adequacy being axed

The ABI has squashed recent speculation that the capital-adequacy requirements for UK financial companies might be scrapped under a new European directive. European manager Jennie Frost says the £10,000 minimum reserve will stay for the foreseeable future.

Pru venture capital arm touted as Cunard buyer

Prudential&#39s venture capital arm PPM Ventures is staying tightlipped over reports that it is negotiating to buy the cruise liner company Cunard. PPM Ventures, which specialises in management buyouts of unquoted companies, is rumoured to be looking to buy the company which has been losing money since its owner Trafalgar House was taken over by […]

investment view

It does not feel like a happy new year so far. Last week, markets developed distinctly iffy tendencies. After a strong end to the last year, even London succumbed to selling pressure from the US and still more turmoil in the Far East. It is South-east Asian markets that continue to provide the major source […]

Two questions you must ask on technology

Travelling the country talking at IFA seminars can provide an interesting insight into the average IFA&#39s attitude to technology, and sometimes that of the people advising them. Normally, I try to do no more than a couple of these per month. Last week, things went a little bit wrong as I found myself talking to […]

Managing customers in drawdown

By Lorna Blyth, Investment Marketing Manager Delivering a decent drawdown review process takes time and resources. This article looks at how you can manage drawdown clients in a more cost-effective way. Most advisers are seeing an increase in drawdown clients following pension freedoms. Often these are clients with lower fund sizes, which means advisers are […]


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 thought leadership.

    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