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Japan economy poised for recovery

A restructured Japanese economy is poised to benefit from any upturn in the global economy with equity yields rising above 10 year bonds according to Schroders.

Manager of Schroders Japanese equity fund Fumiko Roberts says the country is well-placed due to the fact two thirds of its GDP growth last year was due to net trade with 25 per cent of exports going to the US.

Given many experts predict the US economy is expected to recover strongly in 2003, he says Japan is positioned to benefit strongly from this.

Roberts says: “Japan&#39s reformed companies and relatively cheap valuations offer investors good opportunities in the Japanese market. We particularly favour exporters with a strong global franchise that are market leaders in higher value added areas like electricals, electronic components and autos.”


Burden retires from C&G after 34 years

Cheltenham & Gloucester managing director Roger Burden is to retire at the end of April after 34 years at the company.He will be replaced by Jon Pain, who is currently MD at LloydsTSB&#39s general insurance arm. Burden, who was appointed MD in 1997, grew C&G&#39s assets to £58bn at the end of last year from […]

Mortgage rate cut for UK residents buying in Spain

Halifax has cut the cost of buying a property in Spain following the decision to reduce mortgage interest rates at its Spanish subsidiary Banco Halifax Hispania.Loans for up to 60 per cent of the property value are now available at 3.705 per cent and at 3.955 per cent up to 70 per cent loan to […]

McDonald Glencross – McDonald Glencross Approved EIS Fund 4

Thursday, 13 March 2003 Aim: Growth by investing in unquoted companies Minimum investment: Lump sum £40,000 Opening/closing dates: March 3, 2003/April 30, 2003 Charges: Initial 5%, annual up to 2.5% Commission: Initial up to 3% Tel: 020 7229 0054

Pru may consider applying for waiver

Prudential says it is now considering applying for a solvency waiver despite initially claiming that it would not. It says the move would be a purely technical issue as it moves to manage its business on a realist rather than statutory basis. The company has not relied on future profits this year.


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