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Pru sees sales rise

Prudential saw its sales increase by 54 per cent to £15.1bn during the first 9 months of 2001.

Pru saw the share of its business done overseas increase to 70 per cent, compared to 50 per cent for the same period last year.

Prudential group chief executive Jonathan Bloomer says: “I am pleased to report strong growth in sales in the first nine months of 2001, achieved against a background of difficult markets and an uncertain economic climate. These figures reflect the benefits of a financially strong company which is growing internationally, broadening its distribution reach and diversifying its product range.”


J O Hambro Capital Management – JOHCM UK Growth Fund

Thursday, 18 October 2001.Type: Oeic.Aim: Growth by investing in UK equities.Minimum investment: £2,500.Place of registration: Dublin.Investment split: 100 per cent UK equities.Isa link: Yes.Charges: Initial 5 per cent, annual 1.25 per cent.Commission: Initial up to 3 per cent.Tel: 020 7747 5646. 

Gold: Protection

TrustNet has produced a table of the 20 top-performing funds it identifies as safe havens in a tempestuous market.The firm says comparing its unit trust and Oeic league tables for October and July finds a completely different range of funds come out on top. It says lower-risk funds are remaining buoyant in current market conditions […]

Chelsea reduces SVR to 6.14 per cent

Chelsea Building Society has reduced its standard variable rate to 6.14 per cent from 6.34 per cent in response to the recent Bank of England base rate cut. The new rate takes effect from October 29 and will apply to all Chelsea products linked to the rate including its cashback plus, cashback, buy to let, […]

Aiming high

Matrix Securities has joined forces with Unicorn Asset Management to unveil the Unicorn Aim venture capital trust.The VCT will follow a similar investment strategy to Unicorn&#39s eaglet investment trust, which invests in a portfolio of quoted companies with a market capitalisation below £50m, but will focus on unquoted companies listed on the Aim.Matrix and Unicorn […]

Brexit Commentary from Natixis Global Asset Management

By David F Lafferty, CFA, SVP – Chief Market Strategist Thursday’s historic Leave vote in the UK will have both immediate and long-term consequences for the global economy and financial markets. The initial flight-to-quality reaction across asset classes has been exacerbated by the market’s misplaced confidence in a Remain victory leading up to the vote. Stock markets […]


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