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 […]


FCA set to increase enforcement action

The Financial Conduct Authority is set to increase the number of enforcement cases against the firms it will regulate when it replaces the FSA at the end of 2012. In a document outlining the FCA’s approach to financial regulation, the FSA says that the FCA’s more interventionist stance and lower tolerance for consumer detriment is […]


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