View more on these topics

IFAs say Europe is the next high-growth sector

Ninety per cent of IFAs believe Europe is set to become the next high-growth investment sector, according to a survey commissioned by Schroder Unit Trusts.

Schroder says that, since last year, Europe has been one of the fastest-growing markets in the world, largely driven by technology and the telecoms industry, in which it is a global leader.

The weak euro, which is now unlikely to fall any lower, has also provided some attractive opportunities for European investment.

At present, around a third of all IFA clients are reported to hold European funds in their portfolio.

Schroder, which launched a new European technology fund in May, says the survey&#39s results are in line with its fund manager&#39s opinion.

Schroder head of UK sales Neil Bridge says: “This research clearly concludes that IFAs seem to mirror both the opinion of fund managers and the performance of the markets. Europe is the region to be investing in at present with the best growth prospects and will become increasingly so in the future.”

Chase de Vere investment marketing manager Ian Millward says: “It is always hard to try and pick markets but, as part of a solid portfolio, inves-tors should look to have around 15-20 per cent of their stockmarket money in Europe.”

Recommended

Nuki&#39s eye

It is the silly season and here I am away from it all in Italy, home of the perfect racing bike and ripe tomato.To say that life is good here is not enough. It is great. The villa is an old barn with a red-tiled roof that sits on a small mountain at the end […]

TMO Long Term

The Mortgage Operation has introduced a long-term discount mortgage in Scotland with redemption fees that increase during the third year.This goes against the grain of the Government’s CAT standard and the growing popularity of penalty-free mortgages. The company has based this mortgage on their belief that borrowers are more likely to redeem in the third […]

Aifa remains unsubmissive in submission

Director general Paul Smee explains why the Association of IFAs&#39 response to the London Economics report opposes wholesale redefinition of polarisation while acknowledging the need to re-examine some aspects of the system.I am always really annoyed when people use their editorial space to promote themselves and their businesses. So you won&#39t catch me reminding IFAs […]

Law firm calls for IPAs to allow dilution levy

City law firm Eversheds is calling on the Government to review the single-charging structure of its proposed Individual Pension Account.The firm believes that IPAs, which will invest in collective investments, including unit trusts and Oeics, should be allowed to charge a dilution levy to ensure fairness to unitholders.The levy is applied when investors cash in […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment