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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National advice firm Sandringham has made two new board appointments as it seals the hire of former James Hay director John Watson. Watson served as finance director for the platform and its parent IFG Group’s advice business Saunderson House until 2015, before taking over as chief operating officer for financial technology company Equiniti. Sandringham, a […]
Positive sales data has excited the industry but the challenge now is to carry the momentum into 2018
It is that time again where clairvoyants in the investment industry fall over themselves to file their predictions for markets in the year ahead. Analysts will pontificate on everything from the global economy and political stability to interest rates. They will aim to convince us equity valuations are stretched and the only way to avoid […]