View more on these topics

Midas fund adopts cautious attitude

MAM Funds is taking a fairly cautious stance in its Midas balanced income fund, favouring bigger blue chip companies with strong balance sheets and dividend growth.

Chief investment director Alan Borrows is also finding opportunities among firms with exposure to fast growth and managers who are taking advantage of the continued deleveraging of banks, which means paying off debt that was taken on to generate growth. Borrows says banks are looking to get unwanted commercial property loans off their books and are unwilling to get involved in leveraged buyout deals, creating a window of opportunity.

In the commercial property sector, Midas balanced income is holding the Duet real estate fund, which finances the high quality property deals banks are looking to offload. He also highlights fund of hedge fund holdings in Acencia debt strategies and Signet global fixed income strategies as funds positions to take advantage of a pick-up in distressed debt.



Miliband labels pensions strikes a “mistake”

Labour leader Ed Miliband says unions should rethink plans to strike over public sector pension changes this Thursday amid concerns industrial action will alienate the public. Around 750,000 public sector workers, including teachers and civil servants, are expected to strike on June 30 after negotiations over Government plans to increase employee pension contributions and raise […]

Global mishmash may cost insurers £15bn a year

KPMG has put the insurance industry on alert that it could face more than £15bn in additional annual costs if governments around the world fail to agree and implement global regulatory standards. At the ABI biennial conference in London last week, KPMG chairman of global financial services Jeremy Anderson said regions across the world are […]

Why group income protection is now an employer and employee benefit

Traditionally, group income protection (also known as long-term sick pay insurance) to cover an employee’s salary when they’ve been off work with a long-term condition, was seen as being solely an employee benefit. Now, the product provides just as much value to the employer as it does the employee. Most policies now provide employee assistance […]


News and expert analysis straight to your inbox

Sign up

Leave a comment