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Julian Gibbs

Because it has spent little money on advertising, Rathbone is not well known among most IFAs but, in fact, it is one of the best-performing fund management groups. Its star fund manager, Carl Stick, runs three funds rated five-star by Micropal and has just taken over another five-star fund from departing fund manager Patrick Evershed.

Incidentally, over the past year, Stick&#39s income fund outperformed Evershed&#39s special situations fund. While I have a high regard for Evershed, I believe that Stick may perform as well as him, so my advice to unitholders in the special situations fund is that they should remain with it for the time being.

I think it is generous of Rathbone, however, to negotiate with the Inland Revenue so that unitholders who wish to follow Evershed to New Star may do so without any adverse tax consequences.

Rathbone has just launched an ethical bond fund which is being seeded by its private investor clients. It will be one of a very few low-risk ethically screened bond funds in the market.

Altogether, Rathbone manages over £200m of ethical investment money. Its track record is outstanding. The lead fund manager is Luke Hickmore, who has worked with Rathbone&#39s ethical team for eight years and is the economic strategist for the team. He is backed by Julian Chillingworth, the deputy chief investment officer at Rathbone.

It is an ideal low-risk fund for elderly investors who want an above-average income, irrespective of whether or not they are particularly concerned about ethical investment.

All Rathbone&#39s unit trusts are top-quartile performers over five years. I do not know of any other investment house which can boast such an excellent record.


France accused of obstructing foreign insurers

The European Commission is taking France to court for the second time and seeking daily penalties of £150,000 for non-compliance with EU law on the regulation of life insurance companies.The EU believes that France&#39s actions are discriminatory and run counter to the single market by favouring France&#39s mutuals and stopping other insurance companies from accessing […]

Baxter Fensham to franchise fee-based model to advisers

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Axa Isle of Man – Defensive Bond

Wednesday, May 29, 2002Type: Unit-linked bondAim: Income and growth by investing in the Liberty Ermitage assetselection fundMinimum investment: Lump sum £25,000Place of registration: Isle of ManInvestment split: 100% in the Liberty Ermitage asset selectionfundIsa link: NoCharges: Initial 0.43% a quarter for first four years, annual£25,000-£49,999 0.25%, £50,000-£99,999 0.2%, £100,000-£249,9990.17%, £250,000-£499,999 0.15%, £500,000 and above 0.14%, […]

Correspondent&#39s week

It is not every week you launch a new life company and anyone who thinks it is easy should see the blood, sweat and tears (almost) shed by the Selestia team.This week is a big one for us as we are indeed launching our life company and it has been a long and arduous process. […]

InFocus - thumbnail

In Focus — February 2015

Jelf Employee Benefits looks at the issue of paying anaesthetist fees when the patient had no chance to discuss or agree to them prior to care; and provides recommendations for avoiding this scenario.


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