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Schroders to launch unconstrained European equity fund

Schroders has announced the launch of an unconstrained, concentrated European equity fund.

The ISF European Equity Focus fund aims to offer investors capital growth through a portfolio of up to 35 stocks. Rory Bateman, the head of European equities at Schroders, will run the fund.

The portfolio will focus primarily on European large caps and will not position its investments relative to a benchmark.

Richard Mountford, the global head of intermediary business at Schroders, says demand for European equities is increasing for products in the unconstrained high alpha category and that Schroders’ planned expansion is in an attempt to meet this demand.

Bateman says that while European peripheral countries will continue to experience substantial difficulties, the expectation is for the core European recovery to continue throughout 2011.


Stockbroker charged with investment fraud

Stockbroker Nicholas Levene has been charged with 16 offences of alleged investment fraud. The Serious Fraud Office has charged Levene with fraud, forgery, money laundering and false accounting. The charges are the result of a 15-month investigation by the SFO, the City of London Police economic crime unit and overseas authorities. Levene has been released on […]

Transaction tax bid by Euro Parliament

The European Parliament is calling on the European Commission to introduce legislation for a financial transaction tax. This week, the parliament backed a report calling for the tax as its submission to an EC consultation on taxing financial services. The report, by Greek Socialist MEP Anni Podimata, suggests a tax of between 0.01 and 0.05 […]

Move to align VCTs and EIS is ‘dangerous nonsense’

Tax Efficient Review editor Martin Churchill has slammed the Office of Tax Simplification’s plans to align time limits and conditions for venture capital trusts and the enterprise investment scheme as “dangerous nonsense”. In its final report on tax simplification, published last week, the OTS suggests that the conditions to be met for investors and the […]

Honister puts aside £3m to cover switch redress

Honister Capital has set aside £3m to cover the costs of its past business pension-switching review. The firm’s 2010 accounts, published last week, state that the move is in response to the FSA’s thematic review of pension switching. The FSA launched its review into the quality of pension switching advice in 2008. It visited 30 […]


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