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Orphan vote deadline extended

Aviva has extended the deadline for its ballot on the reattribution of its inherited estate by a month to September 21. In May, Aviva and policyholder advocate Clare Spottiswoode renegotiated a deal for the inherited estate which would see payments to policyholders slashed in half.

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Nomura introduces emerging markets protected fund

Nomura International has introduced the global emerging markets III 80% protected fund, an offshore Oeic that applies a constant proportion portfolio insurance strategy to six emerging market funds.

Mark Page: why my biggest overweight stock is a discount Spanish retailer

Artemis European Opportunities Fund manager Mark Page is questioned about the merits of investing in Spanish supermarket group, Dia. Dia is a 7,000-store Spanish discount supermarket chain. But with cheaper food prices coming on to the market and an improving Spanish economy, journalist Alexis Xydias questions Mark about its inclusion in the Artemis European Opportunities […]

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