View more on these topics

Martin Currie recommends Middle Eastern stock markets

Fund manager Martin Currie is still recommending emerging market investments particularly the Near and Middle East in 1999, despite the Brazilian crisis.


It singles out Egypt, Cyprus and Oman.


Martin Currie chief investment officer James Fairweather says: &#34Sound economic management is evident and effective there. Sub-Saharan markets also offer attractive equity investment despite their volatility.&#34


The fund manager also expects good returns from the UK and Europe, especially from peripheral states that are in line to join the European Union and subsequently the single currency. Japan is also a safe bet due to corporate reforms.


However the broad outlook is less rosy for Latin American countries, particularly Brazil. Fairweather says they &#34seem dead in the water and 1999 will not be an easy year&#34.

Recommended

AFPC pass rate on the increase

The Chartered Insurance Institute says 431 advisers passed its Advanced Financial Planning Certificate at the October examination session.This figure is up from 368 in April 1998 and 356 in October 1997.CII director Tony Tudor says: &#34I am delighted with this upward trend in the performance of advisers for this key qualification, particularly the 52 per […]

Mortgage Power opens Middlesex office

The Mortgage Power a nationwide network of mortgage brokers has opened its new offices in Middlesex. TMP provides packages for the Money Store, Capital Home Loans and Irish Permanent.

National Savings takes £1.06bn in November

Sales of National Savings products totalled £1.06bn in November 1998. This brings the total invested in National Savings funds to £64.1bn, up £8.23bn on the beginning of the financial year. The most popular products held by the agency&#39s 30 million customers are premium bonds, followed by income bonds and index-linked savings certificates.

Close Brothers Development VCT raises required £3m

The Close Brothers Development VCT launched in December 1999 has raised its minimum subscription of £3m. It believes it is on course to raise £15m.Managing director Patrick Reeve says: &#34The launch of our Development VCT was timed to assist investors with potential CGT liabilities dating back as far as 27th January 1998.&#34IFA introductory commission is […]

The curse of long-term cash

Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment