Chief investment officer Nick Greenwood believes the price of oil is going to stay high for some time.However, he says there is a risk that some governments will want to increase their tax take in order to access some of the higher revenue being generated by oil firms. As an alternative, he is investing in new energy funds such as the Merrill Lynch new energy tech fund, managed by Poppy Buxton. Greenwood describes such funds as always promising jam tomorrow but feels that they may now be in a position to deliver. The Merrill Lynch fund invests in companies such as Vestas Wind Systems, a wind-energy firm, and Can Hydro Developers, a hydroelectric specialist. Greenwood says: “This is a different way of playing the high oil price. Despite the oil price being at $60 a barrel rather than $30, all this potential being predicted for oil companies may never actually be realised if the governments of countries like Venezuela and Russia decide to raise taxes. “The profits being factored in to the high valuations of oil companies may not be delivered.”
Credit Suisse Asset Management
Credit Suisse Multi-Manager Incubator Fund
Commercial property fund sales could suffer as investors see commercial and residential property as linked, says an expert from Scottish Widows Investment Partnership. Swip property research manager Stewart Cowe says his research shows that there is a correlation between the capital growth of commercial property funds and the capital growth of residential property. House prices […]
Scottish Life head of corporate business Mark Polson is not convinced by Vince Whitefoord’s recent suggestion in Money Marketing that pension advisers could face misselling claims if they do not recommend high-net-worth clients to transfer out of defined-benefit schemes
Woolwich Plan Managers
Capital Plus Plan
By Kunal Desai, Head of Indian Equities at Neptune Investment Management Following the MSCI India Index’s 26.4 per cent return in 2014, stemming from a 7.3 per cent rise in GDP, investors have recently become increasingly concerned about India’s future growth potential. What has happened to India’s reform agenda and are there any signs of […]
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