Investec Guinness Flight is launching a fund which will track the Wired Index, an index of 40 "cutting edge" companies selected by US publication Wired Magazine. The Wired Index Fund will be a sub-fund of the Guernsey domiciled Guinness Flight Global Strategy Fund. Investec director of sales and marketing Philip Saunders says the new fund will enable investors to tap into companies relying on intellectual capital rather than industrial or physical muscle.
Jupiter is to launch a dividend and growth split capital investment trust, sponsored by HSBC.The launch period is expected to be 7 October to 18 November 1999. The trust has a planned life of 6 years.The trust will be managed by Anthony Nutt who manages the Jupiter Extra Income Trust and the Jupiter High Income […]
Derbyshire Building Society has launched a new card-based Cash Account.The account can be accessed through the Link network of ATMs.The account gives instant access has a minimum opening amount of £10 with a 1 per cent gross interest rate.
The Lambeth Building Society has raised the limit on for new accounts to deter carpetbaggers in the wake of the bid for Leek United Building Society.All society accounts are closing with immediate effect, with the exception of the Olympos, the Cash Isa, Simply Postal 180 and Simply Isa which require an opening balance of £3,000.
Liberal Democrat financial spokesman Dr Vincent Cable has hit out at the carpetbagging plans of Murray Financial.The acquisitions group has just made a hostile bid for Staffordshire-based Leek Building Society.Cable says: “At a time when there is all party support of the Treasury Select Committee to resist further demutualisation and strengthen the building society sector […]
The companies held in the Artemis European Opportunities Fund are resilient and still growing. Mark Page finds little to worry stockpickers who focus on the fundamentals.
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Two company directors have been disqualified for a combined 20 years after running a fine wine investment scam that lost investors nearly £1m. An Insolvency Service investigation found that Crimson Fine Wines cold-called customers and then did not purchase or allocate wines to those who had paid for their investments. The investment scheme offered investors […]
AJ Bell has won a case against a client who wanted his platform fees for the past 14 years reduced. A client, referred to as Mr N, complained to the Pensions Ombudsman that, because he did not have enough information about what fees would be payable, he sold a property holding in his Sipp far […]