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IMA attacks Nat Savings bond claims

The Investment Management Association believes National Savings & Investments is misleading customers in marketing its guaranteed equity bonds.

In its response to a European Commission investigation, it disputes NS&I claims that “thousands of investors are playing the stockmarket without risking a penny”. It compared the first three issues of NS&I GEBs with three leading UK index-tracking funds. The GEBs lagged the trackers by 2.9 to 3.7 per cent a year and 15 to 20 per cent over five years.

IMA chief executive Richard Saunders says: “These products have been widely promoted as a risk-free way of getting a stockmarket-related return. They offer the first but not the second. They appear to be a complicated and opaque way of delivering the same returns over time as a good deposit account.”

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Tipping points

It is going to be a difficult year, with possible recessions in the UK and US. House prices are expected to fall by 5 to per cent in the UK and more in the US, so I think it is better to avoid these stockmarkets.

China tech and Global Alpha: a new great leap forward

By Robin Geffen, Fund Manager and CEO

Internet giant Alibaba is exactly the type of entrepreneurial company that the high-conviction, top-performing Neptune Global Alpha Fund seeks to invest in. Established just 14 years ago in an apartment in Hangzhou, today Alibaba is larger than Amazon and eBay put together and is challenging some of the most powerful internet companies in the world…

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The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.

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