View more on these topics

MSDW looks East

Morgan Stanley Dean Witter has extended its range of Sicav funds with its emerging European markets fund.


The fund aims for capital growth by investing in the former Soviet Union, the middle East and north Africa. It will also invest in developing European countries including Hungary and Turkey.


Diversity is ensured through a mixture of telecommunications and technology stocks and investing in countries with natural resources.


The emerging Europe fund is more suitable for investors with a long-term view and who are prepared to put up with high volatility in the pursuit of potentially high returns. It is likely to attract investors who want some exposure to higher-risk investments as part of a wide portfolio.


The political uncertainty in Eastern Europe provides an additional layer of risk for potential investors. However, there are few funds around with an Eastern European bias so this fund could exploit a gap in the market in this respect.


According to Standard & Poor&#39s, the MSDW Sicav European equity growth fund is ranked 80 out of 232 funds based on £1,000 invested on a bid-to-bid basis with gross income reinvested to October 23, 2000.

Recommended

Trading body blows

Two of the financial services industry&#39s leading trade associations are involved in a running battle over a number of issues seriously affecting the IFA community.The ABI represents 98 per cent of the insurance industry while Autif is the mouthpiece for the vast majority of unit trust and Oeic providers. In targeting financial services consumers, they […]

Moneyextra to set up network for tech support

Moneyextra is to set up a technology-based IFA support network providing training and competence services to intermediaries.The electronic trading group, which owns The Exchange, is in negotiations to buy software company Crisp Computing, a specialist in back-office systems for financial providers and brokers.It is understood that if the deal with Crisp is completed, the group […]

Aberdeen split trust for income and growth

Aberdeen Asset Managers has brought in the European growth and income trust, a split capital investment trust that is aimed at investors who are looking for growth and income.The trust will invest in a portfolio split into two halves. The growth section will make up sixty-five per cent of the portfolio and will invest in […]

HSBC trust range in switch to Oeics

HSBC has converted its entire range of unit trusts to Oeics, opening a range of new funds to IFAs.The bank is merging its IFA and bank branch fund ranges into 23 funds grouped under three umbrella Oeics. The total fund range has £5bn in funds under management and stands to benefit from a reduction in […]

Derek Stuart: where to find value in the UK?

Derek discusses a number of Œself-help stories as examples of where he is finding good opportunities in the UK With the FTSE trading at historically high levels, many investors have questioned whether UK equities continue to offer value. But, as Derek points out, the headline figures mask many opportunities at a sector level. He has […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment