View more on these topics

LeggMason trust straddles income and growth

LeggMason Investors Asset Managers, formerly known as Johnson Fry, has introduced an investment trust which will invest primarily in the US for long-term growth and high income.

The LeggMason Investors American Assets fund will be listed on both the London and Channel Islands stock exchanges.

It will invest 50 per cent in US stocks, such as Microsoft, Amazon and AOL-Time Warner, with 15 per cent in US bonds and other fixed-income securities. The remaining 35 per cent will be in a portfolio of shares from UK split-capital investment trusts. It is anticipated that an income of 8.25 per cent will derive from the bonds and split-cap shares, while the US stocks will provide long-term growth.

Income of 8.25 per cent is quite high and therefore comes with increased risk. However, dividing the fund between bonds and stocks spreads the risk. Investors might also be wary of focusing their investments in the US although fears that the stockmarket is overvalued have not stopped it from growing over the past few years.

According to Standard & Poor&#39s, the Legg- Mason income & growth fund is ranked third out of 33 funds, based on £1,000 invested on a mid-to-mid basis with net income reinvested over one year to September 11, 2000.


LIA claims Saltr fails to address IFA complaints

The LIA claims the ABI has failed to deliver on its prom-ise to include IFAs within its Savings And Long Term Risk initiative.LIA public affairs director John Ellis praises the Saltr initiative, which launches on October 4, for addressingproblems that consumers have with life offices.But Ellis says it ignores the problems that IFAs face.He lists […]

A Consumer&#39s view

Money Counts, the FSA&#39s new initiative to teach personal finance in primary schools, is a very welcome step in the right direction. One aspect of the educational system which has been sadly lacking for many decades is its effectiveness in equipping children to deal with the practicalities of life.The Money Counts book marks the introduction […]

IFA survey emphasises compulsion concerns

Stakeholder pensions will be a flop unless compulsion is introduced, according to IFAs surveyed in Swiss Re Life& Health&#39s Life Insurance Report 2000.The stark warning comes as advisers believe the success of stakeholder will be undermined by decision trees which are perceived as so complex they will hamper the low-earning target group from buying the […]

Knee-jerk surrenders bring calls for cooling-off period

IFAs are calling for the FSA to impose a cooling-off period on endowment surrenders to protect policyholders from needlessly cashing in their plans.Advisers fear many of their clients have been panicked into surrendering policies after receiving letters saying they could be facing shortfalls on their mortgage endowments.They have slammed the FSA for whipping up an […]


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