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Portfolio looks to managed recovery

Portfolio Fund Management’s managed recovery fund is a unit trust fund of funds aimed at two types of investor. First, there is the cautious investor, who is looking for a low risk haven in the event that the British economy gets stormy. Second is the investor who is overweight in technology and who wants to spread the risk by investing in a more sober area of the market.

The product will invest in a wide range of funds that invest in areas of the old economy. Some of the funds that managed recovery will invest in include Fidelity special situations, HSBC UK growth & income, Newton higher income, Perpetual income and BWD UK equity income. Some examples of the companies that these funds in turn invest in include Hilton Hotels, Ladbrokes, Novar and Signet.

Portfolio feels that the old economy was one area of the market which has underperformed over the past few years and that as a result this sector will become more popular as investors swing away from high risk technology funds.

According to Standard & Poor’s the Portfolio fund of funds is ranked 2 out of 60 funds, based on £1,000 invested on a bid-to-bid basis with net income reinvested over three years to February1, 2001.


Fund firms facing OFT probe on trail rebates

The Office of Fair Trading has begun a preliminary investigation into whether fund managers are entitled to try to stop IFAs from rebating trail commission. The inquiry could cover three of the UK&#39s biggest fund managers – Fidelity, Schroders and Threadneedle. All three companies have said they are considering withdrawing trail commission for IFAs rebating […]

Britannic Asset Management – Global Resources

Thursday, 1st February 2001.Aim: Growth by investing in global companies involved in natural resources and related sectors.Minimum investment: £500.Investment split: Oil and gas 56 per cent, chemicals 18 per cent, construction and building materials 9 per cent, forestry and paper 5 per cent, mining 7 per cent, steel 5 per cent.Isa link: Yes.Pep transfers: Yes.Charges: […]

Francis Ghiloni

While much of the investment industry is preparing itself for a slower Isa season, Britannic Asset Management&#39s retail managing director Francis Ghiloni has been busy looking at the bigger picture. This month&#39s global sector fund launches mark the first step in the firm&#39s drive to become a household name within the fund management industry – […]

Standard Life Bank launches 25 year capped mortgage

Standard Life Bank is launching the third issue of Futureperfect, its 25 year capped rate mortgage. Futureperfect is capped for the 25 year life of the loan at 6.59 per cent. Standard Life Bank&#39s standard variable rate is currently 6.95 per cent. Standard Life Bank sales and marketing director David Macmillan says: “We know from […]


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