View more on these topics

Manor Park bets on three year FTSE fund

Manor Park has introduced the three-year guaranteed UK selected growth fund.

Aimed at the cautious medium-term investor who is looking for growth, the fund is an investment trust that is guaranteed to return the investor’s original capital at the end of the three year term.

Investing in the FTSE 100 index, the fund is designed for investors who have different attitudes to risk and returns and who want to set their own level of protection. Those who are very cautious can choose to guarantee 100 per cent of their original capital and take 60 per cent of any growth in the fund. Less cautious investors can choose to protect either 95, 90 or 85 per cent of their original capital, taking 95, 130 or 165 per cent of the growth respectively.

Even if the FTSE 100 falls in value then investors will get at least their chosen level of protection back.

Manor Park has introduced the fund as a part of pair of guaranteed select funds, the other fund being the five year guaranteed UK capital growth fund. As a result the three-year fund is slightly more risky than its five-year counterpart, as its shorter term makes it more vulnerable to any stock market volatility. However its capital guarantee will make it attractive to people who want to invest in the stockmarket, but who have been put off by recent volatility.

Over a three year period the FTSE 100 index went from 5,969 points on May 8, 1998 to 5,892 points on May 8, 2001.


Five year fixed Next in buy-to-let queue

Mortgage Next has joined forces with Mortgage Express to offer a buy to let five-year fixed rate mortgage.The mortgage is available for loans of up to 80 per cent of valuation and is fixed at 6.35 per cent until June 3, 2006. An unlimited number of properties can be bought, within a total advance of […]

Ipswich Building Society – Base Rate Tracker

Friday, 11 May 2001.Type: Tracker mortgage.Tracker term: Term of loan.Tracker rate: Bank of England base rate plus 0.75 per cent.Minimum loan: £25,000.Maximum loan: Up to 95 per cent of valuation subject to a maximum of £250,000. Remortgages with additional funds for purposes other than home improvements up to 80 per cent of valuation subject to […]

Lenders move to pass on rates

The major high street lenders moved quickly to announce a cut in rates following the Bank of England Monetary Policy Committee&#39s rate cut.Abbey National has reduced its standard variable rate by 0.25 per cent to 7 per cent. Nationwide has also passed on the full 0.25 per cent cut to its base mortgage rate, now […]

Supermart move by Charles Schwab

Charles Schwab finally took its first steps into the UK fund supermarket arena this week, extending its broking services to include unit trusts and Oeics. The move comes as Misys says it is signing up with fund supermarkets Skandia and Cofunds, giving its members free access to the platforms through M-link from the end of […]


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