View more on these topics

MAM manager plays defensive strategy

MAM Funds CF Miton strategic portfolio manager Martin Gray is focusing on sustainable yield across equities, bonds and property.

Gray is taking a defensive position due to global economic concerns, including uncertainty around quantitative easing, problems in the eurozone and US unemployment.

He feels emerging market assets look unattractive due to rising inflation in emerging regions, on the back of spiralling food and energy prices and wage increases. Demand in developed countries for products made in the emerging economies is also slowing.

Gray says a world economic slowdown is not good for risk assets such as equities, which he thinks look overpriced. Assets that provide sustainable yields are attractive against this backdrop as investors can still benefit from the income, even if prices fall.

Gray has started playing out this theme by gaining exposure to the bigger global companies on the FTSE 100. He holds the Invesco strategic income fund, managed by Mark Barnett, who favours big companies in the pharmaceuticals, telecommunications, tobacco and utilities sectors.


FSA sets no new deadline for rebates ban implementation

The FSA says it has set no new deadline to implement its proposed ban on cash rebates and payments between providers and platforms. As part of its platform policy statement, published today, the FSA says it believes it is “desirable” to ban cash rebates from product providers to investors and product provider payments to platforms […]

FSA avoids setting specific re-reg timescale

The FSA has decided not to set the “reasonable time” period in which re-registration should take place, despite industry feedback which puts maximum registration periods from a few working days to six months. The regulator published its policy statement on platforms this morning. The FSA has delayed a decision to ban cash rebates and payments […]

Multi-managers target Asia

Multi-managers Architas and OPM Fund Management are looking to Asia for growth on the back of the poor economic outlook for the developed world. Architas runs six multimanager funds, including the £39.1m reserve fund, £86.3m multi-manager cautious income fund, £68.2m multi-manager income fund, £112.8m multi-manager balanced fund, £39.9m multi-manager dynamic fund and £71.7m multi-manager growth […]

Parental leave and pensions

Fiona Hanrahan  – Senior Product Insight and Technical Support Analyst We are often asked how parental leave impacts workplace pension schemes in terms of funding in general, auto enrolment and salary exchange. This article will explain each of these. How does parental leave impact the funding of workplace pension schemes? A member of a defined […]


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