View more on these topics

Hill Samuel sees healthy future for British Pep

In the expectation that the UK&#39s biggest companies will continue to outperform the FTSE All-Share index, Hill Samuel Asset Management has launched the British Pep.

The Pep is based on its long-established British Trust and includes holdings such as Glaxo, HSBC and Barclays Bank.

Hill Samuel says it is currently bullish about UK equities and in particular the FTSE 100, which it believes will reach 6,000 points during the course of this year. It believes that this surge will be driven by the financial and pharmaceutical sectors.

Hill Samuel thinks the financials will perform well because of the demographic changes in the UK. It believes pharmaceuticals will outperform other sectors as companies reap the benefits of investment in research.

Hill Samuel is confident that an actively managed fund will outperform passively managed funds over the longer term.

The British Trust has returned 103.7 per cent bid to bid net income reinvested over three years to March 2, 1998. It is ranked 11th of 124 funds in its sector, according to Standard & Poor&#39s Micropal.

Recommended

Direct salesforces missing out on building loyalty

Life insurance direct salesforces are failing to capitalise on loyal customers by not contacting them regularly enough. According to research by Limra International, 35 per cent of customers surveyed had not been contacted for at least a year by their life insurance provider. The survey, which covered over 4,000 people, found that 25 per cent […]

For hands that dish out fines….

So the PIA is to clean up all those non-pri ority cases and land the indus try with a bill of anything up to £11bn for the pension misselling scandal. Ouch. We should have known that “Operation Clean Hands” was on the cards by the fact that the PIA seems to have linked up with […]

DAWN JOHNSON

Dawn Johnson&#39s earliest memory is her first day at school. She remembers sitting at a table of four, with a small boy next to her crying his eyes out while she looked round, thinking, what&#39s wrong with him, what a wimp. Not that she is anxious to take a stance on girl power. Although she […]

IFAA challenges CML on electronic trading

The IFA Association is fighting the Council of Mortgage Lenders&#39 plans to set up a single industry-owned electronic trading platform. Over 20 lenders are backing CML plans to have a trading system by September for intermediaries who want to process applications electronically. Brokers will have to access the system through one “gateway” controlled by the […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment