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Schroder Unit Trusts has introduced its first EuroTech Fund

Schroder Unit Trusts has introduced its first EuroTech Fund because it believes European companies will continue to stay ahead of America in the development of third generation mobile phones, which offer access to the Internet.

The fund is not for the faint-hearted. It is most suitable for sophisticated, specialist investors who are prepared to take high risks in the search for capital growth. But unless those investors wanted pure exposure to technology stocks, they could opt for global technology funds that also include some European technology stocks.

The recent correction in the Nasdaq would suggest that the timing is good for buying technology stocks as they are not as overvalued as they were and can be bought at a cheaper price. But if that correction hits European stocks investors could lose money.

According to Standard & Poor&#39s Micropal, the Schroder Institute European fund is ranked 48th out of 90 funds, based on £1,000 invested on a bid-to-bid basis with net income reinvested over three years to May 22, 2000.


Johnstone Douglas offshoot to target affinity groups

IFA Johnstone Douglas plans to expand by cornering anew market for adviceto affinity groups.It is forming a subsidiary company to focus on marketing personalfinancial planning to affinity groups in the public and private sectors.The firm, which has offices in Croydon and Birmingham, says there is aneed for financial advice and expansion into this market should […]

Mortgage payment protection company Paymentshield has revamped

Mortgage payment protection company Paymentshield has revamped its existing product freestart, an accident sickness and unemployment policy.Freestart was launched in 1997 and is for borrowers who are about to or have just taken out a mortgage and are concerned about making repayments in the event of unemployment, sickness or accidents.The product offers immediate free cover […]

Rifkind to join AAM

Award-winning fund manager Aberdeen Asset Management has appointed formerConservative Foreign Secretary Malcolm Rifkind as a non-executive director.Aberdeen is regarded as one of the rising fund groups with much of itssuccess based on the performance of its technology fund.Rifkind (pictured above) was Foreign Secretary dur-ing the last years ofthe John Major administration in the mid-1990s.

Scottish Widows Corporate Bond Fund

Scottish Widows has introduced a Corporate Bond Fund aimed at pension schemes in response to rising demands for long-dated gilt-edged securities.The introduction of the fund also coincides with the move towards the minimum funding requirement (MFR) solvency test for pension funds, which has also pushed up demand for bonds as their inclusion in a revised […]

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Thinking of expanding overseas?

Whether you’re a small company or an established larger employer, expanding overseas into emerging markets can be an extremely attractive prospect for growing your business. However, with this comes a duty-of-care requirement to any staff based overseas.


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