View more on these topics

Isis tops range with progressive fund

Isis, the retail arm of Friends Ivory & Sime&#39s retail brand, has introduced its fourth fund.

The Isis progressive growth fund joins the existing Oeics in the Isis range: UK dynamic, UK smaller markets and Aim growth fund. It aims to produce long-term growth by investing in a broad portfolio of zero-dividend preference shares. The portfolio will consist of 20-30 zeros of split-capital investment trusts that comprise of mainly blue-chip companies. Examples of selected zeros include Dresdner RCM income growth, Fleming worldwide income and Henderson high income.

The portfolio will have limited exposure to the zeros of split-capital investment trusts that invest in other investment trusts in an attempt to minimise risk. The initial target yield will be 7.5 per cent and although some gearing will be used, it will not be as highly geared as some funds.

Zeros have a reputation as a reliable form of investment because they pay a pre-determined level of growth on a specific date. However, some zeros are riskier than others, especially if they invest in the highly geared shares of other investment trusts.

This fund aims to avoid high risks through active management and this is why the yield is lower than some funds. It is likely to appeal to sophisticated investors who want to take advantage of undervalued zeros in the present economic climate without going in at the riskier end of the market despite the higher returns on offer.

According to Standard & Poor&#39s, the Isis UK dynamic fund is ranked 281 out of 302 funds based on £1,000 invested on a bid-to-bid basis with net income reinvested over one month to November 9, 2001.


Scottish Widows sets its sights on the FTSE 100

Scottish Widows has introduced the guaranteed investment bond.The product is a guaranteed equity bond that is aimed at cautious investors who are looking for a product that offers growth and capital protection over the medium term.The bond will be linked to the FTSE 100 index for its six-year term. At the end of every six-month […]

Baronworth Investment Services – Combination Investment Series 4

Monday, November 12, 2001.Type: Pinnacle guaranteed income bond and Legal & Generalwith-profits income bond.GUARANTEED INCOME BONDMinimum-maximum investment: £5,000-£500,000.Term: Three years.Interest rate: 7.18 per cent gross a year.Guarantee: Capital returned in full at end of term regardless ofperformance of underlying investments.Charges: Implicit.WITH PROFITS BONDAim: Income by investing in Legal &amp General with-profitsfund.Minimum investment: £5,000.Bonus rates: 5.75 […]

Revenue policy on windfalls

Windfalls flowing from demutualisation of a life office are paid to the first named of a joint policy.This would appear to place the whole of the gain on that first-named person.However, the Inland Revenue recently published a note about joint policies in Working Together Issue No. 6.My understanding is that the Revenue will accept a […]

IFA online searches increase

Online financial website directory says its listing of IFAs rose to the fifth most visited category in October from eighth position in September.Find&#39s traffic figures for last month ranking financial categories in order of most to least visited revealed interest is growing in advice-based products.Venture capital and business finance entered the top ten for […]

Cricket - thumbnail

England vs Australia: pensions

Well, the cricket season is here, and England and Australia are stepping up to the wicket. Although we compete with each other in the sporting world, when it comes to pensions, Australia’s pension programme is held up as a model for our auto-enrolment initiative. Auto-enrolment was introduced because people weren’t saving enough into their pensions, and it is still early days but signs are positive. However, in Australia, saving into a pension is compulsory, and in fact employers are the ones who have to pay in. Employees in Australia can make additional contributions into their pensions, but they don’t have to. Should the onus be on the employer or employee to save? Well in the UK we think it’s both, but to get ‘adequate’ savings for retirement it’s the employee who has to pay more in.


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