This is despite a good run over the last three years to September 1, when the average European unit trust has risen by over 58 per cent. Neptune European Opportunities is leading the pack with returns of over 120 per cent.Economic growth in Europe has been slow, averaging only a modest 2.2 per cent over the past three years, although the forecast is that this will rise to 2.7 per cent by the end of this year. Germany, in particular, has shown a very poor rate of growth of only 0.25 per cent. But its stockmarket has been performing well because most companies are aggressively cutting costs and restructuring by expanding into the former Soviet Bloc countries such as Poland and the Czech Republic and transferring their production to these countries where costs are much cheaper. As a result, many German companies have increased their profits and their share in global markets. In fact, Germany is now the world’s biggest goods exporter. Apart from Neptune, two other trusts I like are JPM Europe dynamic, which has only been going for about two years and has shown returns of over 75 per cent, and Jupiter European special situations fund, where the new manager, Cedric de Fonclare, is continuing to carry on the good previous performance. It is interesting to note that very few of all three trusts’ top 10 holdings are the same so, by spreading a client’s European holdings between these three funds, investors should have a very wide spread of shares.
The Way Group has designed an inheritance tax planning product aimed at people who have a high net income.
The FSA has teamed up with Teachers’ TV to offer a series of programmes about personal financial education to be aired on the channel.The series, called Financial Capability, is made up of four programmes with two designed for use in class as a teaching aid and two designed to build teacher confidence in the subject.The […]
Commission is not evil and should not be wiped out of the industry, SimplyBiz chairman Ken Davy told an audience at Money Marketing Live in Manchester on Tuesday. Davy, speaking at a panel debate about the future of the intermediary, said it is not up to the FSA to decide what type of business model […]
The FSA has set out its five key priorities for its review of the distribution of retail investments and has called on the industry to take the lead in reforming the market saying it is on the cusp of change. The FSA’s Retail Distribution Review was launched in June 2006 with the objective of identifying […]
So are the new Pension Freedoms being used? The answer to this appears to be a very clear ‘yes’. Figures from the Financial Conduct Authority (FCA) this week provides firm evidence of such usage.
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Royal Bank of Scotland has joined rivals like HSBC in launching an automated investment advice service for more than five million customers. The bank claims to be the first bank in the UK to launch a “fully regulated” robo-advice service, which will be under its NatWest brand. The service, live from Monday, is targeted at […]
There is nearly £8.5bn in “drifted” legacy UK equity income funds that have underperformed against the sector over the past decade, research has found. As the fund management industry awaits Mifid II next year, Morningstar has analysed the competitive UK Equity Income sector on behalf of Money Marketing and found about 10 per cent of the sector’s […]
Old Mutual Global Investors has appointed Freddie Woolfe head of responsible investment and stewardship, reporting into chief executive Richard Buxton. Woolfe joins from Newton Investment Management, where he was a responsible investment analyst primarily covering the healthcare and technology, media and telecommunications sectors. Previously he held roles at Hermes Equity Ownership Services and HSBC. Woolfe will […]