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Martin Currie looking at starting up China fund

Martin Currie is looking at setting up a China fund for manager James Chong early next year.

Chong has been running a greater China Sicav for the firm since July 2006.

The fund has returned 84.6 per cent in its first year compared with the MSCI golden dragon index return of 54.4 per cent.

Managing director of marketing Andy Sowerby says the success of the $140m fund has shown that there is scope to launch a vehicle in the UK.

Sowerby says the group plans to launch three funds, including its North American Alpha vehicle, in the next couple of years as it continues to build its specialist offering.

He says: “We have seen demand for emerging markets grow in recent times, with our own EM fund doubling in size in the past few weeks. The performance of James and our 11-strong invest-ment team that works out of Shanghai also makes this an interesting prospect should we choose to launch.

“We want to grow our offering on the guidelines of our successful model. We currently have 10 funds and we would like a few more.”


Widen your net

The recruitment market in financial services has suffered from a shortage of good quality candidates in the past few years, which has caused real problems. There has been demand for certain skills that the market has been unable to supply in enough quantity. Paraplanners, IFAs, sales support staff with the right qualifications or specialist IT […]

Boutique fund launchesneed IFA support

SVM head of retail sales Mark Noble believes it is crucial for new boutique fund launches to get endorsement from adviser firms and multi-managers if they are to get through their initial phase of asset gathering.Noble said at the roundtable debate that while bigger companies may be able to seed funds, boutique firms really needed […]

It’s not all bad

So, it seems IFAs are making money after all. I’ve not been around that long, but if I had a pound for every time I’d heard someone say that IFAs don’t ever make any money, I’d be, ooh, at least a couple of hundred pounds better off.

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Pension Wise — now taking calls…

Those with decent-length memories will recall that in the 2014 Budget statement George Osborne announced the new (and entirely unexpected) pension freedoms. The new rules come fully into force in less than two weeks.


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