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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Axa Investment Managers has reported nearly €50bn (£44bn) in outflows from its joint venture businesses, but has bucked the withdrawals with strong performance in its specialist products. In a note, the asset manager, part of the French Axa Group, says the decline in inflows was to be partly driven by a number of products reaching […]
Barclays has remained quiet on potential plans to re-enter the retail advice market. The bank closed its advice arm, Barclays Financial Planning, in 2011, but last February Money Marketing reported on plans that it would re-enter the market through a combination of online and face-to-face advice. This would build on the success of direct-to-consumer platform […]
As discretionary fund managers continue to grow in assets and importance in the adviser community, Money Marketing research has cast new light on the market’s impact on planning. More than 400 advisers and paraplanners responded to a Money Marketing survey on the DFM market. Ninety per cent of respondents used at least one DFM and […]