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Neptune aims for 4% yield from global income fund

Neptune Investment Management is set to introduce a global income fund in the last week of the Isa season to capitalise on growing investor interest in overseas income funds.

The fund will be run by managing director and chief investment officer Robin Geffen and his team and will be weighted equally between 50 stocks across the US, Europe, Japan and the Far East.

It aims for a starting yield of between 3.5 and 4 per cent and will pay dividends in September and March.

Geffen says: “There is fanatical interest in income funds at the moment. The UK is a traditional high-yield market but we think there is room for a global offering. The timing is dependent on intermediary feedback but, if it is strong, we will launch at the end of March.”

Chelsea Financial Services managing director Darius McDermott says: “The two trends for this tax year are diversified income and global property. Knowing the way Neptune’s income team operate and looking at their global equity performance, they would have a strong offering in the global income space.”


Henderson appoints head of investment sales

Henderson Global Investors has appointed Mike Wilson as head of investment trust sales to discretionary investment managers.Wilson’s role is to increase the ownership of Henderson investment trusts amongst discretionary investment managers in the UK, Channel Islands and the Isle of Man. Wilson has been director of retail strategic alliances at Invesco Perpetual and more recently […]

Investec backs conference

Investec Private Bank is sponsoring the 2006 joint Pensions Management Institute and UK Society of Investment Professionals conference on January 26.

Skandia shareholders give the green light for Old Mutual takeover

More than 70 per cent of Skandia shareholders have voted to accept Old Mutual’s proposed takeover offer, Money Marketing understands.Today was the final deadline for shareholders to decide whether to accept the South African insurer’s bid.Sources close to Skandia say the takeover is likely to take place over the next few months and at this […]

Old Mutual and New Star head UK fund tables

Old Mutual and New Star topped the tables in IFAs’ favourite fund sectors last year, according to Lipper. Old Mutual’s UK select mid-cap fund managed by Ashton Bradbury headed the UK all companies sector with a return of 31.6 per cent compared with a sector average of 22.4 per cent. JPM Asset Management was second […]


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