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Schroders builds on alpha fund success

Schroders is launching a European alpha plus fund modelled on its UK version which returned 8 per cent in its first year under Richard Buxton.

The fund, managed by Adriaan de Mol van Otterloo, will be a best ideas&#39 portfolio of 40-80 stocks, focusing on companies with hidden value and growth potential. Like its UK counterpart, the European fund will not be constrained by sector allocations within the benchmark – the FTSE Europe exc UK index – and can be invested 10 per cent in cash and the same amount in bonds.

Before its launch next month, three funds – European tech, European dynamic growth and European active value – will be merged into the alpha fund. Charges are 5.25 per cent initial and 1.5 annual. Commission is 3 per cent.

Hargreaves Lansdown senior analyst Meera Patel says: “Adriaan is a bottom-up stockpicker who has done fantastically with the European fund. I think that he will do a superb job with this one.”


Jackman quest for demarcation line

Skills Council for Financial Services chief executive David Jackman has enlisted the help of the Institute of Financial Planning in defining the financial services marketplace.Speaking at the Institute of Financial Planning annual conference in Telford last week, Jackman said it was essential to have a clear demarcation between planning and advice in order to help […]

Lloyds TSB response to FSA

In response to the £1.9m fine Lloyds TSB group has issued a statement saying it has taken measures to tackle the problem. It added: &#34We recognise that while the product (Extra Income Growth Plan) was appropriate for some investors it did not provide staff with sufficiently in depth training on how much of a customer&#39s […]

Philbin sells Gartmore European Selected Opportunities fund

Isis fund picker Richard Philbin has sold his holding in the Gartmore European Selected Opportunities fund. Philbin says the move is a shift towards more focused funds designed to capture stock specific returns rather than broader portfolios which are likely to be more correlated to the index.

UK economy could face crisis says economist

The UK economy, “currently buoyed-up” on consumer credit, could face a crisis if there was rise in interest rates in the next six months according to economist Dr. Rebecca Harding. Speaking at the Liberal Democrat Conference in Brighton last night, Harding, who is an adviser to the parliamentary Treasury Select Committee, said consumers have released […]


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