View more on these topics

RSA primes up on Europe

Royal & SunAlliance has applied the stockpicking techniques of its UK prime fund to Europe.

The European prime fund is an open-ended investment company (Oeic) that aims for growth by investing in around 30 European stocks. The company believes a concentrated portfolio of stocks will help investors attain the high levels of return they were used to during the strong bull markets of the 1990s.

This belief is the reason for the aggressive management style the fund will adopt. Stockpicking is based on identifying and exploiting the differences between stocks within the same sector and geographical region.

The fund manager, Davina Curling, will work from the premise that stocks within the same region and sector are not identical. Some will produce higher returns than others and it is Curling&#39s job to choose the winners while avoiding the losers.Curling joined Royal & SunAlliance in 1995 and has managed its European Oeic for the past six years.

The European prime fund would suit investors who already have a general European fund in their portfolio, but who want to place a smaller proportion in a higher risk fund which offers the potential for higher returns.

However, stockmarkets have taken a hammering recently and the feeling of uncertainty may have quenched some investors&#39 thirst for riskier funds like this.

According to Standard & Poor&#39s, the Royal & SunAlliance European fund is ranked 28 out of 87 funds based on £1,000 invested on a bid-to-bid basis with net income reinvested over three years to September 24, 2001.

Recommended

Tom Kean

In business, one has to respond to change quickly whether one likes it or not – not doing so would be foolhardy. Things happen that disrupt what is sometimes a comfortable status quo. If ever a profession could boast about coping with change, we are it. The tenacity of our pensions and investment world is […]

Credit Suisse Asset Management changes strategy after US attacks

Credit Suisse Asset Management says it has made a tactical changes to its Income and Monthly Income funds in light of the terrorist attack on America on September 11.It has increased the “BETA” of the two funds which involves buying lowly rated economically sensitive stocks or highly rated growth stocks whose multiple has collapsed in […]

CIS targets IFAs with DC pensions

CIS is moving in to the intermediary market for the first time by offering its range of defined-contribution pensions through IFAs. The company, which has until now operated solely through its direct salesforce, will develop a business arm to distribute corporate pensions through employee benefits consultants. Initially, the group stakeholder and AVCs market have been […]

CMG Admiral in Asian IT deal with Towry Law

CMG Admiral has signed a £4.5m 10 year deal with Towry Law to outsource its IT services internationally.The deal will see CMG Admiral streamline Towry Law&#39s existing infrastructure across its Asian operations, including Hong Kong, Dubai, Bahrain, Japan and Malaysia.Towry Law chief operating officer Keith Webb says: “Towry Law can embrace internationally CMG Admiral&#39s ability […]

Pension savings-2015

Pension tax relief: parked (for the moment)

The national news agenda has been dominated by pension issues this month. For those that missed it (and there cannot have been many given that this was the lead story in spoken and written media), the Chancellor announced a decision to make no decision on pension tax relief in his 16 March 2016 Budget speech. To […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment