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Henderson offers free Isa transfers to tech fund

Henderson Global Investors is seeking to administer the final blow to moribund technology funds by offering investors free Isa transfers into its global technology fund until January 31.

In a move designed to help establish the fund as the biggest in its sector, Henderson is waiving charges to investors moving Isas through Cofunds and Skandia and offering discounts to those switching through Funds-Network. It is also allowing direct transfers at a discounted charge of 1 per cent.

Henderson is targeting investors in funds such as Edinburgh Fund Managers&#39 £700,000 tech fund, Credit Suisse&#39s global TMT fund and Britannic Asset Management&#39s global tech fund which are among the smallest of the 18 funds in the sector. At £269m, Henderson&#39s fund is the second-biggest in the sector behind Aberdeen&#39s £468.8m tech fund.

Head of UK retail Simon Ellis says: “While we have seen the dotcom bubble burst, investors who have sat through the downturn will want the reassurance of a long-term commitment from their manager.”

Simpsons of Brighton IFA partner Andrew Merricks says: “It is good to see a firm staying with the tech sector in anticipation of a future spike upwards.”


Resurgent Aberdeen still divides analysts and IFAs

Despite a strong revival from Aberdeen Asset Management, analysts and IFAs are at odds over the future of the group.The group share price has rallied a startling 63 per cent to 71p at the time of going to press from the October low of 26.5p on the back of rumours that it is on the […]

Bates calls on investors and IFAs to ignore risk ratings

Bates Investment Services is urging investors and IFAs to eschew the risk ratings that investment houses attach to funds as it says they fail to provide an accurate assessment of likely volatility.Bates says investors and advisers have for too long bought and recommended funds according to fund manager risk measurements which are often based solely […]

CML sad to see Davies go

On the departure of Howard Davies from the FSA next September the Council of Mortgage Lenders communications manager Bernard Clarke says: “Howard Davies has helped the FSA to steer a proper course in implementing the Treasury&#39s proposals for the statutory regulation of the mortgage market. “He has reinforced his reputation as a witty and entertaining […]

Coogan claims he was right to call for rate rise

CML director general Michael Coogan has defended his unprecedented call in June for the Bank of England to hike interest rates despite opposition from the biggest lenders.Speaking at last week&#39s CML annual dinner, Coogan admitted he “risked making himself the most unpopular person in the industry” in the summer when he declared that an increase […]

Choose life…

Sarah Scott  – Marketing Consultant, Royal London  This month sees the return of Renton, Sickboy, Begbie and Spud in the sequel to the film Trainspotting. Just over 20 years later, we return to see exactly how life treated the characters whose lifestyle was less than ideal back in 1996. Did they choose a job, choose […]


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