Since acquiring the CS multi-manager ethical fund from Artemis a year ago, CSAM co-heads of multi-manager Gary Potter and Robert Burdett have made several changes to the portfolio, increasing the number of holdings from eight to 12.They then moved the fund out of the Investment Management Association’s all companies sector into the specialist sector to bring greater geographical diversification to the fund. The criteria on which stock selection is based was also widened to include companies that are ethical in nature. Credit Suisse says the changes have enabled the fund to jump from 81st to 38th in the Lipper Hindsight rankings of all ethical funds. Standard & Poor’s figures released in May rank the fund 21st out of 35 funds in the IMA specialist sector over one year based on £1,000 invested on a bid-to-bid basis with net income reinvested. Burdett says: “Each of the four investment themes we have identified has different performance characteristics. At the moment, we favour sustainable world and ethical by nature. Fund managers want companies to reinvest in their businesses rather than pay out dividends. The market is wrestling with this trend and we needed to expose the portfolio to it.”
Measuring the extent of the Chancellor’s attack on trusts in this year’s Budget
Offshore life products could see a surge in popularity after the Revenue put the squeeze on offshore bank accounts earlier this month, says Scottish Equitable International head of marketing Steven Whalley. He says after the Revenue forced Barclays to hand over details of customers’ offshore bank accounts, many investors will look at offshore life products […]
DB Mortgages is offering a series of two-year fixed rate mortgages as part of its pilot prior to full launch later this year. The rates range from 4.95 per cent on residential prime to 7.45 per cent on buy to let..
Swiss Re’s annual industry protection report reveals that the life assurance protection gap remained static at £2.3 trillion in 2005/6 for the first time ever but the income protection gap grew to £170bn.
Loomis Sayles senior equity strategist Richard Skaggs reviews the events that have helped to shape various markets during the third quarter of 2016 and takes a look at the outlook for growth in the US over the next few months and into 20. Click here
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