View more on these topics

Midas spreads out property investment globally to cut risk

Multi-manager Midas Capital is diversifying its property exposure on a global basis due to concerns about the growth prospects for UK commercial property.

The fund manager, which runs the CF Midas balanced income and balanced growth funds, has bought into more exotic funds such as the Orchid Development Fund and Dawnay Day Carpathian alongside more conventional UK commercial property funds such as the Morley high income property unit trust. The Orchid Development fund invests in Bulgarian property while Dawnay Day Carpathian invests in retail property in Eastern Europe.

According to Midas, there has been an insatiable thirst for property among domestic investors over the last couple of years, but the property market in emerging Europe is not as advanced but has the scope to catch up as a convergence play.

Midas concedes there is a higher risk element to its more exotic holdings but believes it is worth it on a risk/reward basis. It also sees growth opportunities in the Japanese residential market.

Midas chief investment director Alan Borrows says: “There has been no inflation in Japan so we have been thinking laterally that it might benefit the residen- tial market. We hold a fund called Japan Opportunities Fund II, which buys residential apartment blocks yielding 8-9 per cent. Working the properties more efficiently and putting through rent increases not seen for a number of years may also lead to capital values increasing.”


A new waiver is on the way

Friends Provident head of protection marketing Ian Jefferies says this year has seen few product developments but that will change in 2006, partic- ularly for pension term assurance and critical cover

FSA says get ready for day of the Mifid

The FSA is writing to senior managers at regulated firms encouraging them to start preparing for the implementation of the EU’s Markets in Financial Instruments Directive. As part of the FSA’s awareness drive, it has published a short guide on its website to highlight key areas of the directive, such as the conduct of business […]

50,000 life and pensions jobs at risk from Turner Report

Up to 50,000 jobs in the life and pensions sector are at risk from the Turner report’s recommendations says consultancy Deloitte and Touche.According to its research the life and pensions industry could lose 30 per cent of its revenue as a result of the changes. Deloitte also says the implementation of the National Pensions Saving […]

Seeking quality in uncertain markets

By Ewan McAlpine, Senior Client Portfolio Manager In uncertain times, investors naturally seek safety. But in fixed income markets, what does that really mean? Ewan McAlpine outlines the approach RLAM’s Fixed Income Team will be adopting across its credit funds in response to potentially volatile markets this year. Click here for full article


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