Miton Investments is protecting the CF Miton global portfolio from volatility in its commodity exposure by buying a Barclays structured product linked to the prices of oil, copper and aluminium.The product, which was originally designed for institutional investors, invests in a zero-coupon bond and options on the commodities market. It will return 180 per cent of the growth in the commodity basket plus the original capital at the end of an 18-month term. The Miton fund’s weightings in both the Investec global energy and JPMF global resources funds have been halved to 4 per cent from 8 per cent, while the Barclays product carries a 5 per cent weighting. Miton is a firm believer in a bull market for commodities over the long-term and the Barclays product will be used for a short-term play on the market. Fund manager Sam Liddle says: “The Barclays contract is a bit of a departure for us but, generally speaking, structured products have become more acceptable. They have appeal in volatile areas like commodities and in cash when the returns are currently unexciting.”
Suffolk Life creates a new position of head of corporate sales, appointing Rollo Wilson, formerly of Abbey Investments.
A secret investigation has seen the Department of Trade and Industry seeking to shut six property investment companies which claimed to show investors how to get rich quick through buy-to-let portfolios. The firms are Sterling Mansion (UK), Mansion Investments, SMI (Overseas), Turningpoint Seminars, Portfolios of Distinction and CM2. Sterling Mansion (UK) and Mansion Investments claimed […]
The Association of Mortgage Intermediaries is launching a guide to help intermediaries with lead generation.
An article in Money Marketing last week stated that Standard Life is encouraging its salespeople to sell the bene- fits of FundsNetwork – the provider’s supermarket partner – in a bid to build sales of self-invested personal pensions. We at Selestia have had two Sipp arrangements similar to this in operation for over two years […]
By Sarah Scott, marketing consultant You might think the question in the title is a strange one. Perhaps even more so when you learn that it’s one of several asked as part of an assessment for Employment Support Allowance eligibility in the opening scenes of the 2016 film, ‘I, Daniel Blake’. Daniel is a carpenter […]
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Trade bodies tend to live in a cloistered environment while advisers keep the industry on its toes
Old Mutual Global Investors is to transfer £63m worth of Isa accounts to Hargreaves Lansdown. OMGI plans to move its 3,200 Isa customers to Hargreaves with effect from 24 February 2018 and stop its Isa service on the 27 February. The asset manager says the decision comes as clients increasingly demand online access to the Isa […]
BMO Global Asset Management has launched a range of actively managed, low-cost, multi-asset funds to offer investors an alternative to traditionally cheap passive funds. The BMO Universal Multi-Asset Portfolios are aimed at investors with smaller sums such as pension transfer clients. The three funds in the BMO Universal MAP range invest globally across equities and […]