View more on these topics

Midas favours unfettered framework for multi-asset

Midas Capital believes multi-asset investing is more effective when combined with an element of multi-manager.

Many of the multi-asset funds launched recently are run on a fettered basis but Midas believes multi-asset investing suits a multi-manager framework because it is difficult for one management group to perform strongly across all asset classesThe company, which has recently established distribution links with Zurich and Sterling Assurance, runs two funds that combine multi-asset investing with a hybrid multi-manager approach. Under this model, Midas manages a portfolio of UK equities in house and selects third-party funds for other asset classes.

Midas says managing part of the portfolio in house reduces the higher costs associated with multi-manager funds. It says multi-managers who focus exclusively on third-party funds may have higher total expense ratios and will not look good value if they underperform.

Head of business development David Thomas says: “Midas Capital has always held the view that clients’ interests are best served through an open-architecture approach to multi-asset investment. We adopt a very open-minded approach to the use of third-party funds.

“We do not think it stands up to scrutiny to believe any one investment house would make the right decisions in every market.

“We are also delighted that we have completed a link to Zurich and Sterling Assurance. There has been significant demand from advisers to access Midas funds across these product ranges and we are pleased we can now meet this demand.”


Tranter fears NU’s critical-illness amnesty may backfire

Sesame product manager Dale Tranter says Norwich Union could be shooting itself in the foot by encouraging critical-illness policyholders to admit any non-disclosure on their applications.He says the action is well meant but it would only take an increase in one policyholder’s premium to taint the reputation of NU and the whole industry.Tranter says: “NU […]

Over 80% of DB plans shut to new entrants

Eighty-one per cent of defined-benefit schemes are closed to new entrants compared with 68 per cent two years ago, according to a survey by the Association of Consulting Actuaries.The research involved 300 employers with scheme assets exceeding £127bn and over 2.1 million members.It found that over 80 per cent of schemes were in deficit at […]

FSCS pays out £150m in 2006/07

The Financial Services Compensation Scheme paid nearly £150m in compensation during 2006-2007.The FSCS says it completed more than 31,200 claims and spent just under £27.2m on management expenses. The initial budget for the year was £29.37m with an estimated 28,150 claims for the year – an increase of 21 per cent compared to the previous […]

Fidelity taps into emerging EMEA

Fidelity is introducing an emerging Europe, Middle East and Africa fund to be managed by Nick Price.The Luxemburg-domiciled portfolio will focus on a number of long-term investment themes, including the impact of global industrialisation, local urbanisation and natural resources.Price says the regions have more than 80 per cent of the world’s proven oil reserves, 97 […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm