View more on these topics

Premier hopes to x-cel

Premier Fund Managers has introduced the Premier x-cel portfolio.

The x-cel portfolio is a discretionary portfolio management service aimed at investors who have a minimum of £150,000 to invest and who are looking for growth.

Each client will be assigned a personal investment manager by Premier, who will assess any stocks they already hold and agree with the client on an investment approach. This will depend if the client has a cautious, balanced or aggressive attitude to risk, along with what they are looking for over the medium to long term.

The x-cel portfolio can be used to invest in any funds including Premiers and equities, as long as they are registered in the UK and are recognised by the Securities and Investment Board. Investment trusts are excluded.

Most portfolio management services offer similar facilities, although ones like the Credit Suisse private portfolio service limit the investment choice to a series of funds of funds. The x-cel portfolio therefore offers much more choice.

According to Standard & Poor&#39s, of the nine Premier funds on the market two are fourth quartile, two are third quartile, three are second quartile and one is first quartile, based on £1,000 invested on a bid-to-bid basis with net income reinvested over one year to October 15, 2001.


Skandia to rebrand bond range

Skandia is rebranding its bond range and offering enhanced additional life cover to bond investors.Skandia&#39s onshore bond range which includes its investment, capital and income and distribution bond, will now come under the &#39multi&#39 banner as with the life offices Multimanager fund supermarket.IFA clients can select life cover of up to 125 per cent of […]

Unilever and Merrill Lynch lock horns over pension fund

Unilever started its £130m damages and negligence claim this week, brought against Merrill Lynch over the management of its pension fund. Unilever says Mercury Asset Management, subsequently bought by Merrill Lynch, followed a risky investment strategy even though it had been told to invest its pension fund more cautiously. Unilever says Mercury repeatedly failed to […]

Standard Bank Offshore takes conservative path

STANDARD BANK OFFSHORE CONSERVATIVE STRATEGIST FUND Type: Fund of funds. Aim: Growth by investing in bonds and equities. Minimum investment: £10,000/$15,000. Place of registration: Jersey. Investment split: Equities 30 per cent, bonds 50 per cent, cash/currency funds 20 per cent. Isa link: No. Charges: Initial up to 5.5 per cent, annual 1.5 per cent. Commission: […]

HBOS will merge brands in bid to be top-five player

HBOS is pitching to become a top five player in the retail investment market with the launch of a new giant asset management arm in the fourth quarter of next year.The new firm will bring together the investment operations of Halifax, Clerical Medical and Equitable Life, and will begin with a series of fund mergers […]


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