View more on these topics

Premier adds another strand to Sicav

Premier Portfolio Managers is adding another strand to its Sicav range with the global select fund.

This multi-manager fund aims to provide long-term growth and will invest in US large and small caps, global value stocks and growth stocks in the Far East and Europe.

There will be five fund managers each handling 20 per cent of the portfolio. Each manager will concentrate on picking between 10 and 12 of the best stocks.

The benefit of this approach is that the portfolio can go with a star fund manager if they move to another management group. The advantage of having such a good manager may be undermined because they can never manage more than 20 per cent of the fund. But if a manager&#39s performance slips and a replacement steps in, only 20 per cent of the portfolio will be affected by this change.

The global select fund is a good attempt at providing diversity for investors, although it is likely to face competition from fund supermarkets.

According to Standard & Poor&#39s the Premier IIS world 100 fund is ranked 81 out of 280 funds based on £1,000 invested on a bid to bid basis with gross income reinvested over three years to November 27, 2000.

Recommended

All share index to beat FTSE 100 says M&G

Fund manager M&G says the all share index will outperform the FTSE 100 for the second year in a row. The fund manager says that since the beginning of 1999 the all share has returned 15 per cent compared to 9 per cent. Head of global analysis John Hatherly says: “During 2000, the FTSE has […]

CML chief warns of 75% slump in loan advisers

Up to three-quarters of intermediaries and half of all lenders could be forced out of the market if the FSA fails to regulate mortgage advice, warns the Council of Mortgage Lenders. CML director general Michael Coogan says if intermediaries are not authorised, then the responsibility for monitoring the disclosure of brokers will fall on the […]

ScotAm weighs in with 1% range

Scottish Amicable is rolling-out an extended range of single-charge pension products including stakeholder over the coming months. The move follows similar launches by its rivals including Axa Sun Life, Norwich Union, Royal & Sun Alliance and Standard Life. ScotAm introduced its Pre mier group personal pension in February and says its latest range means it […]

Closing in on property

Turning to the type of client the product is most suitable for, Cooke says: “A client who believes in the residential property market and has a long-term view without income needs.” Cowell says: “A sophisticated investor – this type of scheme does not readily lend itself to the mass market.” Vaughn thinks it is difficult […]

Tree - thumbnail

The politics of healthcare

Healthcare is already one of the key battlefields in May’s general election, with each of the main parties committing to deliver improvements to the NHS and public health.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment