View more on these topics

LeggMason Investors Asset Managers brings in new investment trust

LeggMason Investors Asset Managers, formerly known as Johnson Fry, has brought in a new investment trust, called LeggMason investors American assets.

The product, which will be listed on both the London and Channel Islands stock exchanges, is aimed at investors looking for both long-term growth and high income.

The investment trust will focus primarily on America, with 50 per cent invested in large US stocks, such as Microsoft, Amazon and AOL-Time Warner, as well as another 15 per cent in US bonds and other fixed income securities. The remaining 35 per cent of the product will invest in a portfolio of shares from UK split capital investment trusts.

Investors will get the long-term growth from the US stocks part of the product and the income of 8.25 per cent from the bond and split capital investment trust half.

Income of 8.25 per cent is quite high and therefore comes with increased risk. However fears that the US stockmarket might be overvalued at the moment have not stopped it from growing over the past few years. Dividing LeggMason investors American assets between bonds and US stocks spreads the risk overall.

According to Standard & Poor&#39s the LeggMason income & growth fund is ranked 2 out of 33 funds, based on £1,000 invested on a mid-to-mid basis with net income reinvested over one year to September 4, 2000.


FSCP denies confusion on tied and IFA figures

The Financial Services Consumer Panel&#39s latest report has been slammed by industry experts for inconsistencies.The FSCP 1999 Annual Survey of Consumers illustrates the market share split between tied and independent advisers.On page 53, it says only 22 per cent of respondents sought advice from IFAs for pensions but on page 86 it says the figure […]

Set your sites on service

The internet can cut costs and offers IFAs a shop window of opportunity.According to the London School of Economics, the use of online business services could save the average IFA firm up to £37,000 a year. With such a saving, the historical proposition that an IFA was forced to pay a premium for access to […]

IFAs play major role as Unum increases income protection sales by a third

Income protection insurer Unum saw new business jump by 36 per cent in the first seven months compared with the same period last year.New premiums received to the end of July totalled £23m, up from £14.7m in 1999. IFAs played a major role in this success as their sales of Unum&#39s core product reached £17m. […]

A Consumer&#39s View

Despite high levels of customer loyalty, building societies are failing to make mutuality mean something to memebers.Research from Norwich & Peterborough Building Society throws up the surprising fact that 9 per cent of its customers pop into their branch every day and 53.8 per cent visit their branch at least once a week. Clearly, N&P […]

Retirement - thumbnail

A downhill stroll?

The Department for Work and Pensions (DWP) has recently published new research, which once again demonstrates how the prospect of retirement is changing for older workers.


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