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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Offsetting the cost of advice this way would benefit clients and advisers alike One of the multiple barriers to better take-up of financial advice is that some people are unwilling or unable to meet the upfront cost. In response to this, the government has allowed people to take small chunks (three lots of £500) out […]
Fund managers like to trade off having a unique style. There thousands of funds out there to choose from – the question I often hear from advisers is: what makes this person different? Sometimes this can be a really tough one to answer. “We invest for the long term” is all fine and good, but […]
With rising costs and an increasingly tough regulatory market more advisers are looking to outsource their investment proposition, with many leaning towards discretionary fund managers. But while the number of advisers using DFMs is on the up, overall satisfaction with them has dipped. According to a recent survey by financial information firm Defaqto, 74 per […]