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Schroder prescribes medicine for new fund

Schroder is kicking off the second Isa season with the launch of a global

healthcare fund and a European technology fund.

The medical discovery fund, supported by cancer research, aims to

capitalise on companies creating new advances in the field of medicine and

takeover activity in pharmaceutical stocks.

Half of any retained initial charge together with a percentage of the

annual management charge will be paid to cancer research.

Stocks in the portfolio will include the likes of Astra Zeneca and Johnson

& Jonhson.

The EuroTech fund will invest primarily in European technology companies,

including the UK.

The initial charge on both funds is 5.25 per cent and the annual

management charge is 1.5 per cent. Commission is 3 per cent and renewal is

0.5 per cent.

The EuroTech fund is available as a Pep transfer.

Client services director Robin Stoakley says: “The medical discovery fund

is not a biotech fund but will encompass a broader spectrum of medical


“We did not want to launch a global tech fund because emphasis would have

focused on US stocks which are not as attractive as European stocks.”

Royal & Sun Alliance Investments has launched a pan-European technology

fund investing in about 50 stocks made up of both small and large-cap



Premium problem stops mortgage endowment plan

Bungle Busters comes to you courtesy of Legal & General for the secondweek in succession as we take up the case of David Ellis, a trainee withChelmsford-based IFA TK Jones.Ellis called BB after L&G consistently fouled up in accepting his premiumsfor a recently set-up mortgage endowment plan.Ellis bought the plan in February, with his first […]

Standard Life general…

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Sub-prime lendertops 1bn

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Fleming Asset Management…

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Employer iPMI responsibilities could continue to escalate, says Jelf

New laws in Dubai will put the burden of providing international private medical insurance (iPMI) firmly on the shoulders of the employer in order to maintain the country’s leading healthcare facilities. With 10,000 UK nationals having moved to the country since 2007 and only 16.5 per cent of the total 8.2 million people living there being Emiratis, Jelf Employee Benefits believes this move was inevitable and employer responsibilities could continue to escalate in future.


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