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Pick and choose a Select Pep

Framlington&#39s Select investment-trust Pep aims to provide investors with a wider investment choice by offering a selection of internal and externally managed trusts.

The Pep would appear to be aimed at the more speculative investor as it concentrates on smaller-cap companies or specialised overseas trusts.

It provides two options. The Framlington Option has a choice of four UK Framlington managed trusts. These trusts are invested in either the smaller companies or income share sectors of the UK investment-trust market. The second option offers a range of trusts from seven external managers. The trusts available cover a wide range, with the proviso that 25 per cent is within the Framlington range of trusts.

Standard & Poor&#39s Micropal figures show the performance of the externally managed TR European Growth trust is excellent and is ranked first out of 13 trusts in its sector, returning £4,754. These figures are based on £1,000 invested on a bid-to-bid basis with net income reinvested, from December 1, 1992 to December 1, 1997. The Framlington 1000 smallest companies trust returns £2,248 and is ranked ninth out of 36 trusts.


Key features need reviewing

I read about the three-year review of the impact of disclosure (Money Marketing, January 29) and learnt nothing new. I don&#39t find that commission is begrudged me by a customer. Why should commission be driven down when the cost of unknown levies and regulatory overheads go on rising and PIA-regulated independent advisers are treated like […]

Options admits it faces a big fine

Financial Options has admitted for the first time that it is facing a six-figure fine from the PIA over the pension review. The admission comes a month after the 228-member network dismissed as “speculation” suggestions that it could be hit with a record £600,000 fine. However, last week the network met with the PIA in […]

A bull case for US equities?

Neptune video: a bull case for US equities?

Watch Felix Wintle, head of US equities at Neptune, discuss why he believes US equities are in a structural bull market and the key factors that can drive the S&P 500 higher.

In the video, Wintle addresses the following:

• The US market and why — despite equities rising from 2009 — he believes the structural bull market only started in 2013
• Key economic and corporate factors that can drive the S&P 500 higher
• Investment themes and sectors offering exposure to the domestic recovery


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