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Govett offers 1 per cent discount off funds

Fund manager Govett Investments is trying to drum up business this Isa season by offering IFAs 1 per cent discount on its top performing and most popular funds.

The discount is available between January 1 and April 5 and applies to five of Govett&#39s lead funds.

They include the US opportunities fund, the Asia pacific fund, Japanese opportunities fund, UK small companies fund and UK equity safeguard fund.

Govett head of marketing Simon Wilson says: “We have included some winning funds in our Isa portfolio. There is something for everyone and following last year&#39s uncertain markets, we feel that now may be the time for many investors to reassess their investments and take full advantage of their Isa entitlements.”


Fidelity goes for neutral style

Fidelity Investments has added a specialist global equity fund to its Fidelity Funds Sicav range.The Fidelity Funds global focus fund will invest in between 100 and 150 stocks. The MSCI World Index will be used as a guide when constructing the portfolio, but the fund will not be restricted by sector or geographic weightings.Fidelity&#39s director […]

Britannic to suspend with-profits bonus and dividends

Britannic Group has announced that it could suspend bonuses for with-profits policies this year and is unlikely to pay dividends to shareholders. It says it is taking this action as a result of the worst year for equities since 1974. It has reduced the equity backing for its with-profits fund from 72 to 42 per […]

Public divided over future of house prices

The public are split on prospects for the property market, with 53 per centsaying they expect prices to increase significantly this year but 47 percent saying prices will stabilise or fall, according to the Woolwich.The company&#39s survey of 1,000 people in December found that warnings fromanalysts of a slowdown in prices has not adversely affected […]

Scottish Mutual closes WP door

Scottish Mutual has finally closed the door on all with-profits.The news follows the company&#39s decision to offer a modern Sandler-stylesmooth managed fund, as revealed by Money Marketing in October. Parentcompany Abbey National pumped £575m into its life subsidiary last year.However, ScotMut will still accept increments for existing life and pensionwith-profits policyholders and new section 32 […]

Mark Page: why my biggest overweight stock is a discount Spanish retailer

Artemis European Opportunities Fund manager Mark Page is questioned about the merits of investing in Spanish supermarket group, Dia. Dia is a 7,000-store Spanish discount supermarket chain. But with cheaper food prices coming on to the market and an improving Spanish economy, journalist Alexis Xydias questions Mark about its inclusion in the Artemis European Opportunities […]


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