View more on these topics

MitonOptimal seeks more healthy returns than cash

MitonOptimal’s CF global portfolio has bought in to the Axa Framlington health fund as it aims to reduce its 33 per cent weighting in cash.

Fund managers Sam Liddle and Martin Gray are still wary of market sentiment but they have started buying in areas that are likely to be less sensitive to an economic slowdown.

This is in contrast to earlier in the year when MitonOptimal was investing for short-term gains in sectors such as commodities and Russian markets.

The Axa Framlington health fund, managed by Deanne Donnigan, invests in a range of healthcare-related companies such as pharmaceuticals, biotechnology firms, producers of medical devices and healthcare distributors. It has a global focus but in practice the majority of its holdings are US-based.

Liddle says: “In mid-June we were still buying the favourites of last year such as JPMorgan natural resources and Russian funds. Since then we have sold out of commodities and taken the short-term gains. Now we have gone towards healthcare.

“Nobody owns much health-care at the moment which means there is less likely to be any pressure to sell. Biotech valuations are at a 10-year low. It is an attractive opportunity and not sensitive to an economic slowdown because people will always need drugs and other healthcare products regardless of what is happening in the economy.”


Scot Wids terminates Asda partnership

Scottish Widows is terminating its agreement with Asda to sell life insurance through the supermarket chain.The provider says the partnership which began in October 2003 has come to an end because the volume of sales was not as high as Scottish Widows had expected.Existing policyholders will be unaffected by this and Scottish Widows will continue […]

Top of the platforms

What regulatory requirements do advisers need to consider when choosing the most suitable fund platform for clients? Legal & General managing director

Cable says Which? shows need for ‘genuine independence’

Liberal Democrat Shadow Chancellor Vince Cable is calling for an independent system of financial advice which is not driven by advisers trying to earn commission. Cable’s comments follow on from the Which? report published last week which found that fewer than a third of advisers give what Which? describes as the “benchmark for good advice”. […]

Full Bore

Jamie Bore (on the left of the blurry snapshot here) of IFG’s accounts department obviously knows how to get the most for his money. He is just back from completing the Sucata run, a race from London to Lisbon in a vehicle costing no more than £250 to assemble. Jamie completed the 1,741-mile trip in […]


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