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JP Morgan investment trust to invest only in Brazil

JP Morgan Asset Management plans to set up an investment trust investing solely in Brazil. The fund will be managed by Sebastian Luparia and has a target size of £50m.


F&C ups active US exposure to reflect upbeat outlook

F&C’s multi-manager team has trimmed its passive exposure to the US through S&P 500 exchange-traded funds in favour of the actively managed Robeco US premium equities offering. A 3 per cent weighting in the Robeco fund has been added to the overseas equity allocation across the F&C lifestyle and F&C multi-manager portfolios. The Robeco fund […]

Statistics reveal stronger recovery from recession

The Office of National Statistics has revised its gross domestic product figures for the fourth quarter 2009, showing growth was 0.3 per cent rather than the 0.1 per cent earlier reported. The data revision means the UK came out of recession more strongly than initially thought. Black Swan Capital wealth chief economist James Hughes says: […]

IFS leads pleas to scrap tax relief restrictions

The Institute of Fiscal Studies and PricewaterhouseCoopers have both slammed Chancellor Alistair Darling’s decision to restrict tax relief onpensions for high-earners in their response to the Treasury’s consultation. IFS deputy director Carl Emmerson says the move will create complexity, unfairness and inefficiencies. He says: “The Government’s goal is to raise money by reducing the subsidy […]


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