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Lombard Odier sounds out Pacific

Lombard Odier has added the Pacific rim fund to its LO Invest UK range of offshore funds.

Like the other funds in the range, this Luxemburg-based Sicav is a UK clone of a fund that is only available in Switzerland.

As an emerging markets fund, the Pacific rim fund aims to provide growth by investing in large and mid cap companies in Asia excluding Japan. The largest proportion of the fund – 33.1 per cent – is invested in Hong Kong and a substantial percentage goes into companies from Singapore, China and Taiwan. Regions such as Thailand and the Philippines are represented to a lesser degree.

Last year witnessed a great deal of political and economic turbulence in some of parts of Asia and this had a negative impact on the stockmarket. With new political leadership in places such as Thailand and the Phillipines, the prospects for 2001 may be brighter. However, the fund is likely to remain highly volatile and subject to currency risks because it is denominated in Euros.

The Pacific rim fund might be a scary prospect for many investors. But it could appeal to adventurous clients with a wide portfolio who want to take higher risks, coupled with the tax benefits of investing offshore.


High Street Home Loans announces new rates

High Street Home Loans is announcing new rates on its range of mortgages for distribution through intermediaries. It is offering a rate of 5.24 per cent up to 75 per cent loan to value and 5.44 per cent up to 95 per cent loan to value, fixed until May 2003.HSHL is also offering a self-certification […]

Stewart Ritchie – Pensions Development Director Scottish Equitable

Those who have thrown their hats in the air after the Chancellor’s MFR announcement should perhaps read the small print before they break open the champagne.The government’s decision to abolish MFR has a major sting in the tail. In order to make sure that defined benefit scheme members do not have their security reduced, the […]

London Pacific Assurance – Guaranteed Euro Return 3 Year Bond

Monday, 5th March 2001.Type: Offshore bond.Aim: Growth by investing in corporate bonds.Minimum investment: Euros 10,000.Place of registration: Jersey.Investment split: 100 per cent in corporate bonds.Guarantee: Capital returned in full at end of term regardless of performance of underlying investment.Isa link: No.Charges: None.Commission: Initial 2 per cent.Tel: 01534 607780. 

Investor confidence down last month

Investor confidence fell in February to 63 per cent of its level in March 2000, according to figures published by Chase Fleming Asset Management.The data shows investor confidence has declined consistently since May 2000, apart from an upturn in confidence at the end of the year.But the latest results still shows 28 per cent believe […]

Stop the cold-calling

Royal London is pleased to support the petition calling for a ban on cold-calling for pension and investment products. The petition, launched by IFA Darren Cooke of Red Circle Financial Planning and hosted on the Parliamentary website, calls on the Government to ban cold-calling for pensions and investment products. A similar ban is already in force […]


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