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Merchant expands fund range

Merchant Investors is expanding its existing multimanager range to offer a wider range of funds from specialist fund managers.

Two new Merchant funds are being made available to investors, a managed venture capital fund and a managed hedge fund.

Investors can now link to more than 115 funds from a list of 18 managers including ABN Amro, Aberdeen, SocGen, Gartmore, Fidelity, and Newton.

Merchant is also offering a tailored portfolio service for larger investments with a choice of four private client managers.

The range is available on all of Merchant’s investment and pension contracts.


Mortgage lending by mutuals dips

Mortgage lending by mutuals fell slightly last month due to borrower fears of a recession, according to the Building Societies Association. Gross advances fell to £2.12bn in July from £2.28bn in June, while net advances slid to £272m from £589m. Mortgage approvals dropped to £2.26bn from £2.31bn over the same period.

Lending at record high but CML says fall is on the way

Mortgage lending in July hit its highest level since records began in 1998 but is likely to fall later in the year, according to the Council of Mortgage Lenders. Despite the CML&#39s figures showing a leap in gross lending to £15.5bn in July from £14.8bn in June, it anticipates a slowdown in house price inflation […]

Emotional issues of Equitable fiasco

Martin Brook&#39s letter regarding Equitable Life (Money Marketing, August 9) refers to the method by which Equitable Life apply the reduction. Equitable Life have recently confirmed that the non-guaranteed fund will be reduced by a much higher percentage in order to reduce the overall fund by 16 per cent. This could result in 40 per […]

Portman jumps for discount

Portman Building Society has unveiled a two-year discounted rate mortgage that has no early redemption penalty at all.Borrowers get a 0.75 per cent discount until October 3, 2001, giving a current payable rate of 5.65 per cent. This mortgage is available for loans of up to 95 per cent of valuation and the maximum loan […]


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