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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Technology provider Moneyhub will now use Intelliflo’s application programming interface for its advisers. Integration onto the API will allow for advisers to access real-time information of client’s managed pensions and investments. Advisers will also be able to link investments they manage and see clients’ spending and savings patterns. The Big Interview: Moneyhub chief executive on […]
The past few years have seen a rapid rise in the number of fund managers linking with risk profilers to launch new ranges. Determining risk is a central part of the advice process. But risk-profiling tools have been subject to criticism over the wildly different asset allocations they produce and their lack of consistency when […]
AJ Bell is expanding its passive range to target a higher expected return for investors with a new global growth fund. AJ Bell launched its first range of own-brand funds last year with five risk-targeted multi-asset passive funds. The platform and Sipp provider said it has launched the Passive Global Growth fund in response to […]