View more on these topics

Govett says its US fund well-placed to survive war

Fund manager Govett says because of increased exposure to defence stocks, its US opportunities fund is well-placed to weather a war against Iraq.

While quick to point out it still does not believe war is inevitable, manager of Govett&#39s fund Gil Knight says the fund is lean enough to survive a war in the Gulf region.
The fund has recently increased its exposure to United Technologies and CACI International, both of which have interests in defence electronics.

Knight says: “Opinion is still divided as to whether a confrontation with Iraq would be short or drawn out and each day brings a new take on the situation. If the war becomes a drawn out conflict, with house to house street fighting, the global markets would not respond favourably. A longer war would probably lead to higher oil prices as well as a further weakening of the US dollar with bad knock-on effects for the US and global markets.”

Recommended

NatWest gets on the case with self-cert

NatWest is making a concerted bid to win a bigger share of the intermediary market with the launch of its first self-cert mortgage which will initially only be available through IFAs and mortgage brokers. The move this month builds on its new intermediary branding launched early last year, with a private detective theme of Your […]

B&W bond may mature early

Bristol & West has introduced the guaranteed FTSE bond, which follows the trend for bonds that could mature before the end of the investment term. This guaranteed equity bond provides a full capital return to investors whatever happens to the FTSE 100 index. It also provides 100 per cent of any growth in the index […]

Zurich in franchise deal with loan network

Zurich Financial Services is set to sign a franchise agreement with the Best Advice Mortgage Network, launched this month, as it bids to build on the £10bn of mortgage business it completed last year. Zurich says the deal will help it diversify its client base to people who only want mortgage advice and not the […]

Key facts will feature generic illustrations

Generic illustrations will replace personalised illustrations in the FSA&#39s forthcoming key facts point of sales documentation except for pen- sions which must still provide an example of what each individual can expect to get back. A draft consultation paper seen by Money Marketing shows the FSA wants to introduce a streamlined and standardised approach to […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com