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RBS funds bid to control volatility

The Royal Bank of Scotland is launching its first two UK retail funds to help provide less volatile products for investors.

The volatility controlled cautious managed fund and the volatility controlled balanced managed fund will aim to deliver the levels of volatility that the cautious and balanced labels might ordinarily imply to investors.

RBS research shows IFAs refuse to recommend 33 per cent of balanced managed and 28 per cent of cautious managed funds as they consider them “too risky”.

The research says IFAs placed 44 per cent of clients’ money into balanced and cautious funds in the second half of 2010 while 29 per cent say they fear many investors do not fully understand the risk profile of such funds.

During 2008, several balanced managed funds suffered losses in excess of 25 per cent.

Hargreaves Lansdown investment manager Ben Yearsley says: “You would expect balanced funds to fall but a lot of cautious managed funds fell markedly a couple of years back. Maybe the name of the sector is wrong.”


BNY Mellon and Insight launch pan-European absolute return fund

BNY Mellon Asset Management has launched the BNY Mellon absolute return fund, the first fund in its range to be managed by Insight Investment Management. Ian Brown, Andrew Cawker, Richard Howarth and David Headland, all portfolio managers at Insight, will manage the new fund. Together, they will take long and short positions in the pan-European […]


FSA plans could push 50% of Sipp administrators out of business

Onerous FSA proposals which could force Sipp providers to produce specific key features illustrations for certain investment products would force 50 per cent of pensions administrators out of business, Standard Life says. A consultation released yesterday proposes revising rules so illustrations and projections are required for all investments held within a personal pension scheme other […]

Jelf rules out further IFA acquisitions

Independent consultancy firm Jelf has distanced itself from future IFA acquisitions after returning to growth this year. The firm delivered operating profits of £3.1m between September 2009 and September 2010 after suffering losses totalling £9.7m in the previous year. Overall debt has also been reduced from £30.7m in 2009 to £7.3m in 2010. Jelf has […]

India correction: a terrific entry point?

By Kunal Desai, head of Indian Equities, Neptune A key concern for investors who were looking at India afresh has been the rich valuations and strong prior performance. We view the correction in the market through short-term growth concerns from demonetisation as a terrific entry point for the long-term investor. Investors should not be overly concerned […]


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