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Merrill Lynch has the wind in its sales

Merrill Lynch has added the global alternative energy fund to its Mercury Selected Trust (MST) range.

This Luxemburg-based Sicav invests in companies around the world that are involved in the development of alternative sources of energy, such as wind power, solar power and the hydrogen fuel cell.

The hydrogen fuel cell is a renewable energy source that is like a battery that runs on oxygen and hydrogen. It produces electricity and heat and is currently being researched by organisations such as NASA.

Finding different forms of energy is important because the supply of fossil fuels, which are the main source of power, is limited and cannot be replaced. However, while the technology needed to make them more efficient is still being developed, alternative energy will be more expensive than traditional sources.

For this reason, alternative energy may not catch on as quickly as investors would like. The fund may be more suitable for experienced investors who already have a diverse portfolio, but who want to add a highly specialist sector fund that has environmentally friendly objectives.

According to Standard and Poor&#39s. the Merrill Lynch energy international fund is ranked 2 out of 3 funds based on £1,000 invested on a bid-to-bid basis with gross income reinvested over three years to May 2001.


Millfield maps out strategy for expansion

Millfield Group is launching a new division, Millfield Associated Partnerships, as part of ambitious plans to grow the national IFA over three years. From June 1, Millfield says MAP will create a blueprint for the industry by letting the company expand through taking equity stakes in small IFA firms while avoiding the risks and costs […]

Exclusive Connections targets the self-cert market

Exclusive Connections has introduced the self-cert fixed rate mortgage.Funded by Bristol & West, the mortgage is aimed at self-employed people who have trouble getting a mortgage because they have difficulty proving how much they earn. However applicants must be able to prove a three-year clean credit history.The mortgage has a fixed rate of 5.89 per […]

Portfolio service has Aim of minimising IHT bills

Close Fund Management is relaunching its portfolio management service which invests in the Alternative Investment Market to minimise inheritance tax liabilities. The Accelerated Taper Service allows investment of at least £50,000 in the Aim market. The management team will invest directly in companies listed on the Aim or traded on Ofex as well as new […]

It&#39s good to talk

AM writes: I am being asked to give more talks as part of my job. Frankly, it scares me rigid (although I don&#39t confess to this) and I usually end up with sleepless nights, which adds to the problem. Please can you give me some advice on how to prepare better and on doing the […]

Artemis Monthly Distribution Fund: positioning and outlook

Managers James Foster and Jacob de Tusch-Lec outline the fund’s investment approach and discuss current investment themes and outlook for the bond and equity markets. As James and Jacob confirm, the Artemis Monthly Distribution Fund’s aim is to generate an income from both equities and bonds. They explain their investment approach in each asset class, the sectors where they are […]


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