View more on these topics

Millennium service from Gerrard

Old Mutual subsidiary Gerrard Investment Funds has introduced the millennium global portfolio service.

The service is available for investors who have at least £30,000 and who are looking for an investment that gives them overall control of their investments but which takes the day-to-day management out of their hands.

Millennium global portfolio comes with five different strategies that depend on the needs of the client and their attitude to investment risk. These are global growth, growth, balanced, income and low-risk growth.

Clients will be able to choose from a varied spread of unit trusts, open-ended investment companies and investment trusts, as long as these are registered in the UK and are recognised by the Securities and Investment Board.

The Gerrard product is similar to the Premier x-cel portfolio, another discretionary portfolio management service. Both products offer access to unit trusts and Oeics and can be attractive to investors who want to spread the risk about by investing in as many areas as possible. But the Gerrard product has a lower minimum investment level of £30,000, compared to the minimum of £150,000 for the Premier product. It also allows access to investment trusts, which Premier does not allow. These two factors make it much more flexible than the Premier x-cel portfolio.

Of the 17 Gerrard unit trusts that are on the market at the moment, three are first quartile, four are second quartile, three are third quartile and seven are fourth quartile, based on £1,000 invested on a bid-to-bid basis with gross income reinvested over one year to October 22, 2001.

Recommended

LTC – threat or opportunity?

Long-term care funding is often associated with vague guidelines and confusion on what is or is not means tested. Add to this the independent nature of local authorities and you can see why IFAs wonder what stance they should take.The recently published royal commission report on long-term care seems now to have set out the […]

All for one – and one for all?

Mortgages are big business. They are complex and can run for decades. They are the most expensive purchase most people make and the biggest monthly expense anyone will have. Yet it is easy to overlook them in financial planning discussions.We take for granted that the amount we pay for our mortgage is fixed. We accept […]

Mark of distinction?

The Raising Standards initiative is banking on IFAs&#39 support to make the quality mark, awarded to the first five brands last week, a success.But how exactly will it benefit advisers and how long will it be before IFAs can use the quality mark for its intended purpose of raising confidence and ultimately growing the market […]

Portfolio is set to offer blue-chip protection

Legal & General is introducing a new protected portfolio which offers investors growth while giving some protection on their capital.The protected portfolio is available for investments from October 22 until November 30. It invests in 30 stocks selected from the top 200 UK companies and has a five-year term with capital security at the fifth […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com