View more on these topics

National Mutual go mega for giant fund

National Mutual’s new Mega 500 fund has been brought in on the back of the new Worldtop 500 index.

The index will track the performance of the 500 largest companies in the world. National Mutual is aiming the product at managers of pension funds and administrators of small self administered schemes who are looking for more exposure to global companies.

Mega 500 will be externally managed by investment specialists State Street Global Advisors, who will be aiming to outperform the Worldtop 500 index.

Although the Mega 500 fund is still new, by investing in a wide range of geographical areas and sectors covering some of the largest companies in the world, this should help to spread the risk about.

According to Standard & Poor’s the National Mutual global equity managed fund is ranked 100 out of 165 funds, based on £1,000 invested on a bid-to-bid basis with net income reinvested over three years to November 27, 2000.

Recommended

CSFB to sell hedge funds to small investors

Hedge funds are to be sold to small investors for the first time next year by Credit Suisse First Boston. Traditionally used by the super rich to achieve very high returns on their cash, hedge funds usually have a minimum investment of £150,000. However, the CSFB fund will start at £7000 and can be placed […]

UK pension funds down again

The value ofUK pension funds has fallen for the third consecutive quarter of 2000, according to Edinburgh based performance measurements consultants The WM Company. Overall returns were down 0.4 per cent compared with 0.6 per cent for the first two quarters. The WM Company executive director Peter Warrington says “Returns overall have been disappointing for […]

Tiered fees on pre-stakeholder plan

Legal & General is offering its pre-stakeholder group personal pension with a reducing annual management charge. The tiered AMC means charges decrease as the cli ent&#39s pension pot grows and hits specified thresholds. For example, while 1 per cent may be charged on the first £25,000 of a fund, for the next £25,000 the custo […]

£5m deal and fund star for Duffield

Jupiter is to pay former chief executive John Duffield £5m in an out-of-court settlement over his claim alleging unfair dismissal. Duffield will get £2.5m in cash, with the remaining £2.5m to be paid into the newly founded John Duffield Charitable Trust. Both sides agreed to pay their own legal costs, which could amount to as […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment