View more on these topics

iShares gets resourceful

iShares has added to its range of funds with the iBloomberg European resources fund.

Managed by Barclays Global Investors and domiciled in Dublin, the product is an exchange-traded fund that has been designed for long term growth. The fund will track the recently created Bloomberg European Investible Resources index, and is aimed at the experienced investor who is looking to add some diversity to their portfolio.

The index focuses on natural resources, including oil and gas, iron and steel, chemicals, mining, paper and forest products. Some of the companies that are listed on the index include British Petroleum, Royal Dutch Petroleum, BASF, Bayer, Total Fina and Shell Transport & Trading.

Exchange-traded funds have only been available in the UK for a short time. They combine elements of shares and funds. Like shares they can be traded at any time by a broker, and like funds they can provide access to a wide area of a market or an index. They do not have exit penalties or front-end charges but they do have commission,.

Investors may find this fund attractive because the Bloomberg Investible Resources index invests in resources that have a predictable value. It is therefore likely to be more stable than a tracker fund that invests in the Internet. But some investors may be put off exchange traded funds due to their complicated structure.

Barclays Global Investors introduced the iFTSE 100 fund in April 2000, which is linked to the FTSE 100 index and was the first ever exchange-traded fund in the UK. Looking at its performance over a six-month period, the iFTSE 100 fund fell in value by 3.2 per cent from January 15, 2001 to July 19, 2001.


Reuters to expand online presence for Credit Suisse

Credit Suisse has signed a three-year multi-million-pound deal with newsand technology group Reuters to expand the bank&#39s online private bankingand wealth management business. Reuters says it will be working with Credit Suisse to develop a range ofinternet-based trading and investment products for private investors. The agreement includes Credit Suisse getting a licence for Reuters&#39 ordermanagement […]

Self Trade expands with supermarket

Online share dealer Self Trade is the latest player to wade into the fundsupermarket war with the launch of a new service for consumers. The service will enable users to buy Isas and unit trusts from a range ofproviders via a single point of contact. There are 270 funds available,with 80 of these discounted by […]

&#39Big downturn for networks&#39

IFA network members saw business handling levels fall by as much as 39 percent over the last year, according to the latest research by Henry SamuelsMarketing Services. The overall drop averaged 14 per cent, with private medical insurancefalling by an unprecedented 39 per cent and Isas and mortgage-relatedbusiness both plummeting by 18 per cent. The […]

Field is thwarted In comeback bid

Former welfare reform minister minister Frank Field has been blocked bythe Govern-ment in his efforts to rejoin the powerful work and pensionsselect committee, which he once chaired. Field, Labour MP for Birk-enhead since 1979, was fired as minister in1998. He is known for his outspoken views which often attack the Government. The committee will now […]

Flexible reversionary trusts and estate planning

The suitability of different estate planning solutions will depend on the individual’s own circumstances, needs and objectives. When considering the different solutions available there is a trade-off between inheritance tax (IHT) efficiency and access. Overall a flexible reversionary trust provides a greater level of flexibility than a discounted gift trust and can offer individuals a […]


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