View more on these topics

Investec calls on advisers to consider Africa

Investec Asset Management is urging advisers to consider Africa as an option for offshore investors and insists they should not be put off by political and economic problems of the past.

Investec Asset Management investment strategist Michael Power says the Africa of today is characterised by far more transparency, accountability and good governance than it was a decade ago.

He says: “As each day passes, Africa has less to hide and more to celebrate and this means as each day passes Africa has more to offer the investor.”

Investec Asset Management offers the global gold fund which invests in the mining of gold and other precious minerals and metals and the emerging markets debt fund which invests in public sector, sovereign and corporate bonds issued by emerging market borrowers.

Power says that while there is some political risk involved, that is merely one component investors must assess when considering a potential investment.

He says: “There was a time in Africa’s quite recent past when the political risk was almost impossible to quantify. This meant that, whatever the probable reward, most investors shunned Africa. What now makes Africa so much more attractive to investors is that today prospective investors can begin to quantify – especially where it comes to political risk – what yesterday they could not.”


Rose is ready to make return

Former Wentworth Rose founding director Philip Rose is looking to set up a new IFA firm following a two-year break travelling round the world.Rose says he hopes to set up a new firm over the next few months and will concentrate on creating “state of the art” IT systems, building value from funds under management […]

Yousefi confirmed to be joining Freedom Lending

Alliance & Leicester head of intermediary mortgages Mehrdad Yousefi is joining Freedom Lending as director of distribution and sales.The move was confirmed this week and Yousefi will take up his post from August 13 at the prime niche lending subsidiary of Merrill Lynch.Yousefi will take responsibility for implementing and developing Freedom Lending’s distribution strategy. He […]

DWP pledges there will be no subsidy from taxpayers

Standard Life is wary of the Government’s announcement that personal accounts will not be subsidised by taxpayers’ money, hoping it will not backtrack on this commitment.In the Department for Work and Pensions’ response to the White Paper consultation, it pledges there will be no taxpayer subsidisation of personal accounts, although initial advisory costs will be […]

India Election Update

What a difference six months makes. Speaking in September last year, we had warned of ‘excessive pessimism’ afflicting the market’s perception of India. Since then, responsible central bank policy from the Reserve Bank of India (RBI), alongside improving global growth, has meant that India’s macro environment is strengthening quickly. The current account deficit has shrunk, inflation is falling and the government has embarked on a heavy dose of much needed fiscal consolidation. As a result, the rupee has been one of the strongest global currencies this year while the market has touched all-time highs, rallying by more than 20 per cent (GBP) since September. This begs the question: are we now in a period of ‘irrational exuberance’? Not yet.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm