The AITC says quarter two investment trust Isa sales were down 10 per cent on last year from 21.7m to 19.6m. Global growth accounted for the highest proportion of Isa sales by sector followed by UK growth and income. The average investment by regular savers was 152 per month, while the average lump sum investment was 3,374. 13.5 per cent of investment trust sales were through financial advisers.
Premier Mortgage Service is to drive aggressively into sub-prime after completing 107bn worth of mortgage business since it was set up in 1997. Completions for the firm- any reached 27bn in 2004 but less than 100m of this total was in the sub-prime sector. PMS, which was originally part of Prudential and now incorporates Norwich […]
I am always suspicious when a stockmarket sector has risen dramatically over three years or so but I believe that well managed European emerging markets funds will still outperform most other sectors over the next few years.
There has been much debate recently surrounding Shepherds Funds. IFAs may have missed one important point – that is, to notify your PI insurers that you have clients in these funds as soon as possible. This is especially true if you are coming up to renewal. In extreme cases, failure to do so could prompt […]
Fundsdirect founder Sean Ewing is set to float his latest venture, hedge fund firm Absolute Capital Management, on Aim in the next two months. Absolute chief executive and chairman Ewing, a founding investor in the firm, is looking to raise 1.7m-3.4m to fund acquisitions and plans to attract and retain top hedge fund managers through […]
There is a puzzle at the centre of financial markets. The global economy is growing, there are signs of inflation and interest rates are going up, yet yields remain low. In this article, James Foster, manager of the Artemis Monthly Distribution fund, unpicks this conundrum and looks at where investors can find income. There is […]
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Fundamentals are improving but valuations still sit at historically low levels
Money Marketing has tracked down the data to show you how Sipp sales have taken off since the pension freedoms, and which postcodes are buying the most