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Main energy funds ‘not greatly exposed to Japan’s nuclear problem’

The two main energy funds open to UK retail investors do not appear to have significant holdings in nuclear power, which may limit their exposure to the ongoing problems in Japan.

As fears of meltdown continue at the quake-hit Fukushima Daiichi nuclear plant in Japan, stocks in several nuclear-linked companies such as uranium miners and reactor suppliers fell on the markets.

However, analysis of the £3.4 billion BlackRock world energy sicav and the £296.8m Investec global energy Oeic show neither has strong holdings in nuclear stocks.

The BlackRock world energy fund holds just 3.2 per cent of its portfolio in the coal & uranium sector. Its strongest holding is exploration & production, which accounts for 48.8 per cent of the portfolio, followed by oil & gas integrated with 22.3 per cent.

Meanwhile, the vast majority of the Investec global energy fund is held in stocks linked to the oil & gas sector. Oil & gas integrated makes up 48.2 per cent of the portfolio and 33.2 per cent is in exploration & production. Only 3.5 per cent portfolio is allocated to other forms of energy.

A number of analysts suggest the problems with Japan’s nuclear reactors could lead to an increase in demand for thermal coal, gas and oil, which may bode well for energy funds.


MEP Sharon Bowles slams decision not to cut Irish bailout interest rate

Economic and Monetary Affairs committee chair Sharon Bowles has criticised the EU’s decision not to lower the interest rate Ireland pays on loans it received from the European Union in November’s bailout. Last week, Eurozone leaders met in Brussels and agreed to strengthen the bloc’s €440bn rescue fund and lower the interest rates on Greece’s […]


MPs issue principles for judging future tax policies

The Treasury select committee has issued a raft of measures against which it will judge future tax policies against. In a report released this morning, the committee lays out six principles including coherency, stability and certainty, aimed at improving the tax making policy process. TSC chairman Andrew Tyrie says: “Our aim as a cross-party committee, […]


Personal Touch offers IFA home for staff of defunct Barclays advice arm

Personal Touch Financial Services is looking to attract at least 50 Barclays advisers in a recruitment drive aimed at those made redundant when the bank closes its advice arm. In January, Money Marketing revealed Barclays is closing Barclays Financial Planning and exiting the advice market for retail clients. The staff of around 1,000 have all […]

How to use wills to protect your clients’ wishes

March was Free Wills Month! Free Wills Month brings together a group of well-respected charities to offer members of the public aged 55 and over the opportunity to have their simple wills written or updated free of charge by using participating solicitors in selected locations around England and Wales. Research by the Law Society* highlighted that only 64 […]


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