Investment manager Paul Craig says investment trusts have performed well over the past two years, benefiting from corporate activity,contracting discounts, gearing and active management.Since the five funds came to New Star, Craig has worked to create a greater degree of commonality between their management while allowing for different risk appetites and income requirements. The UK strategic income unit trust is the best performer, being top in its sector of 77 trusts with a return of 49 per cent over one year and 84 per cent since the transfer. The diversified strategic capital unit trust has produced the lowest returns of 20.9 per cent over a year and 45 per cent since the transfer and is ranked fourth out of eight funds in its sector. Craig remains positive on Asia. In the global strategic capital unit trust, which has returned 67.5 per cent since the transfer, Craig includes the Baillie Gifford Japan and JPMF emerging markets trusts. He has also obtained diversification through private equity trust HgCapital. He says: “I will continue to support leading fund managers while looking for opportunities in specialist asset classes such as life sciences, private equity and absolute return funds.” AITC spokeswoman Jemma Jackson says: “Funds of funds focusing specifically on investment trusts can be a useful way for investors to gain diversified access to the investment trust sector. It has been a good couple of years for the sector generally so many funds of investment trusts have been per- forming extremely well.”
Former IFA Promotion chief exec Ann-Marie Martyn will be celebrating her 40th birthday climbing a few mighty mountains in the Himalayas for a month. In between worrying about the lack of wine bars and hairdressers she will be raising money for a local Nepali charity called the Help Nepal Network with a fashion show at […]
Dawnay Day Quantum
Protected Commodities Accelerator V
Abbey for Intermediaries has, in conjunction with Knight Frank, established the residential property plan , a capital-protected bond linked to the performance of the Halifax House Price Index over a 10-year term.
A third of full-time workers are still not contributing to a pension, despite increased publicity on the woeful state of pension provision. Research conducted by B&CE Benefit Schemes, the not-for-profit stakeholder provider to the construction industry, shows that 37 per cent of full-time workers – 6.5 million people – are not contributing to a pension […]
As more and more providers start to reveal their stance on the charge cap and removal of commission and active member discount pricing, we thought it would be worthwhile to look at what these are, and the steps businesses should be taking to prepare for this.
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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
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