View more on these topics

Only three UK sectors positive in July says Lipper

Only three of the 31 Ima UK unit trust and Oeic sectors produced positive returns in July according to the latest Lipper monthly fund market report.

None of the equity sectors produced a positive return in the month, the three that were the Index Bear funds at 3.1 per cent, UK Gilts 0.23 per cent and Money Market 0.18 per cent.

Latin America suffered the worst of the equity sectors dropping 14.92 per cent, closely followed by European Smaller Companies down 13.28 per cent.

Lipper head of research Brian Harvey says: “The last couple of months have not been particularly good ones for UK Unit Trusts, especially equity funds. Having had flat performances for most of the year, June and July saw equity funds drop on average by 9.64 per cent and then 9.42 per cent.”


Borrowers look to switch loans ahead of rate rise

Borrowers are increasingly looking to switch their mortgage to take advantage of better deals in anticipation of an increase in rates in the coming months, according to Legal & General. Its research found that 17 per cent of borrowers intend to move their mortgage in the next year compared with 13 per cent in October […]

Scottish Mutual boosts choice for bond investors

Scottish Mutual has set up a multi-manager portfolio service for investors in its flexible investment bond.The service, investment intelligence, provides investors with access to three pre-packaged funds from Scottish Mutual’s sister company, Inscape. These funds — cautious, steady and higher growth — mix and match six underlying multi-manager Inscape funds to create the most appropriate […]

Standard Life covers mortgages against job losses and disability

Standard Life is offering mortgage outlay cover for borrowers to insure against income loss through disability or unemployment. It offers disability and unemployment benefit cover or a disability-only option. Benefits can be altered in line with changes to the level of the mortgage without additional health-related questions. Cover can be increased to up to 140 […]

Correspondent&#39s week

Having shipped my gear over to the Isle of Wight on Friday, I pitch up at 8am for my first day on duty at Skandia Life Cowes Week. We kick off by hosting a press briefing for Emma Richards, who is sailing around the world single-handed. Then it is off to another press briefing at […]


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