Financial markets are going through a short-term “sweet spot”, according to investment management firm Morgan Stanley Quilter.The firm says while everyone is focused on oil, there are opportunities that are in danger of being missed in financial markets, and investment portfolios should be positioned to take advantage of profit growth that is ahead of expectations. Corporate profits were forecast by analysts at 8 per cent in early 2005. But following the half-year results season, the firm says profits are forecast to grow by 12 per cent. Morgan Stanley Quilter bel-ieves those investors predicting that profit growth will fall to single digits by mid-2006 may be pessimistic. Chief investment officer Duncan Gwyther says: “Part of the reason for the extended profit cycle is that capital expenditure is not as high as in previous cycles and as a result many companies have an abundance of cash.”
Berkeley Berry Birch says it will not go down the multi-tie route as a way of raising capital because it would go against the wishes of the majority of its advisers. Marketing director Carey Shakespeare says some nat-ional IFAs have set-up multi-tie operations, not because their advisers wanted this but because directors needed to raise […]
The ABI and Aifa are renewing their defences against claims management firms with new guidance telling members to compensate consumers direct. The trade bodies want to raise awareness that consumers can deal with firms directly for free and do not have to hire claims management firms, which on average will take a quarter of their […]
Liverpool Victoria is launching an investment bond that allows free switches between three new with-profits funds – cautious, balanced and growth. The All-In-1 investment bond is available for sums between 10,000 and 500,000 and carries an option of a five-year capital preservation guarantee.
The zero-dividend preference share market continues to throw up opportunities despite shrinking by a quarter in the last three years, says F&C. The asset class has fallen out of favour since the high-profile problems in the split-capital investment trust market, shrinking from 2.7bn in 2002 to 2.1bn in 2005, but new zeros are now being […]
Those with long memories will remember that in the run up to the 2010 general election there was much talk from the Conservative Party around a rather nebulous beast – The Big Society.
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BMO Global Asset Management fund manager Robert Burdett has more than halved the exposure to passive funds in most of the multi-manager funds amid fears of a bubble in the market. Burdett, who co-manages the £1.2bn F&C MM Navigator Distribution fund with Gary Potter, says the team has been cutting exposure to passive funds across […]
Opinion differs as to what has caused the advice gap. Some believe the move from commission to fees has made advice unaffordable for the mass market, with advisers having to focus on wealthier clients for commercial reasons, while others say the trend was happening anyway, regardless of the RDR. For Simplified Money director Lesley James, […]
Sales of protection policies are back at peak levels, with the sector growing by more than 20 per cent in the past year, despite adviser complaints over protection’s lack of popularity. According to the latest figures from Equifax Touchstone, sales of protection policies surpassed £149m between July and September this year — their highest level […]