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Schroders set for defensive income launch

Schroders is to launch a cautious version of its income maximiser that will target an initial yield of between 5 and 6 per cent.

The Schroder UK income defensive fund will use two put options to defend investors from potential market instability.

The fund will invest in 30 to 50 mid and large-cap stocks with put options protecting on the FTSE 100 and 250 should either index fall.

Schroders income maximiser has been a success since its launch back in 2005 having grown to £251m. The portfolio is more aggressive in that it looks to return some 7 per cent per annum through yield returns and call options.

Where as the strike price on the covered call options on the income maximiser sit at 105 to 115 per cent, the options on the defensive income product will be set at 90 and 95 per cent respectively.

The fund is set to launch on 7 March with minimum investment at £1,000. Charges are set at 5.25 per cent initial and 1.5 per cent annual.


Governor dampens hopes of rate cuts

Bank of England governor Mervyn King has warned that inflation could reach 3 per cent in the coming months, missing the monetary policy committee’s target.He says big interest rate cuts, as recently seen in the US, are unlikely in the UK and that rising food and fuel prices will put household finances under serious pressure.Delivering […]

Assureweb positive it will turn corner

Assureweb says it will break even for the first time by the end of this financial year.The company says that business quotes will be up by 40 to 50 per cent on last year and by the end of May it expects to have processed 23 million to 24 million quotations.Chief executive John Spellman is […]

Advisers doubt a 30% CGT rate will make bonds more attractive

Advisers say the Association of British Insurers’ plans for capital gains tax reform are unlikely to change the attractiveness of investment bonds and warn that people already in bonds may be encouraged to pull out and reinvest.After a number of talks with the Treasury, the ABI wrote to the Chancellor last week urging him to […]

Buy-to-let returns rise to 16.3 per cent in 2007

Research from BM Solutions has found that the average total return for a buy-to-let investor was 16.3 per cent in 2007, up from 13.5 per cent in 2006.It says that the average price of a typical BTL property in the UK increased by 10.9 per cent during 2007 to an average of £154,795. The average […]


Neptune video: UK economy: a sustainable recovery?

After years of a slowly brewing economic recovery, the UK has seen a strong rise in growth in recent months. Mark Martin, manager of the Neptune UK Mid Cap Fund, discusses the strength of this recovery and whether it is sustainable.

In the video, Martin addresses the following:

• Structural features supporting the UK economy
• UK mid-caps and the potential for M&A activity
• Valuations and opportunities in house builders


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