View more on these topics

Merrill Lynch energises its galaxy of funds

Merrill Lynch Investment Managers is boosting its range of funds with the introduction of the MST world energy fund.

The fund is a dollar denominated Luxemburg based SICAV and has been introduced with the experienced investor in mind. Merrill Lynch has aimed it at investors who are looking to add a high-risk fund to their portfolio.

MST world energy will be managed from London by Robin Batchelor, who joined Merrill Lynch Investment Managers in 1996. He is also the manager of the Merrill Lynch new energy technology investment trust and the energy international fund.

The fund will invest in companies in the energy market, covering a wide range of sectors, such as oil, oil field exploration, natural gas, oil refineries and alternative energy, such as wind turbines and tidal barrages.

The bulk of the fund will be invested in the US, with rest of the investment in Canada, Australia and Europe.

World energy is a high-risk fund as it invests in just one sector of the market and has historically been easily affected by events in the Middle East. However Merrill Lynch believes that the recent recovery of OPEC and its tightened grip on the market will lead to less volatility in the price of oil. Also the increasing number of alternatives to oil, such as wind energy, should lessen the funds dependency on just one part of this sector.

According to Standard & Poor’s the Merrill Lynch new energy technology investment trust is ranked 2 out of 15 funds, based on £1,000 invested on a mid-to-mid basis with net income reinvested over one year to April 9, 2001.

Recommended

Norwich Union – Designer Pension @ Norwich Union

Thursday, 12 April.Designer Pension @ Norwich UnionType: Group stakeholder pension.Minimum premium: £20.Minimum group size: 20.Minimum-maximum ages: 18-74.Fund links: Stakeholder with-profits, balanced managed, UK index tracker, sustainable future managed, retirement protection, deposit, defensive managed, UK equity, European equity, US equity, global bond, global equity, Pacific equity, index-linked gilt, gilt, international index tracker, property, sustainable future UK […]

Bupa insurance arm in the black

Healthcare provider Bupa saw its insurance operation turnaround grow from a loss of £39.6m in 1999 to a profit of £14.6m last year. The PMI provider also slowed down the rate of premium increase to single figures for the first time. Overall the group announced a 75 per cent increase in pre-tax profits from £49.3m […]

Another fine mess

I note with some amazement that Legal & General propose to reimburse stakeholder policyholders with any charges arising in excess of the permitted 1 per cent a year cap – not least because this will be conditional upon the third party funds which may give rise to this outperforming lower charging funds. This raises a […]

Non-workers missing out on stakeholders

Millions of people could miss out on the tax benefits of stakeholder pensions because they wrongly think only those receiving an income can take one out.Research by HSBC Bank shows 40 per cent of people think stakeholder pensions are only available to those who are working.HSBC Bank head of life, health and pensions Harpal Karlcut […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment