View more on these topics

Scottish Mutual boosts choice for bond investors

Scottish Mutual has set up a multi-manager portfolio service for investors in its flexible investment bond.

The service, investment intelligence, provides investors with access to three pre-packaged funds from Scottish Mutual’s sister company, Inscape. These funds — cautious, steady and higher growth — mix and match six underlying multi-manager Inscape funds to create the most appropriate portfolio for each risk profile. The cautious fund invests 80 per cent in bonds and 20 per cent in equities, while the other two funds have increased exposure to equities.

As an alternative to these funds, clients can choose their own funds from a range of six multi-manager funds from institutional fund management group Attica Asset Management. There is one bond fund and five equity funds focussed on the UK, the US, Europe excluding the UK, Japan and the Far East excluding Japan. Attica selects the underlying funds from a range of managers using internal research and also draws on external research from Mercer Investment Consulting.

This multi-manager portfolio service will increase investors’ choice of funds and provide access to funds which are normally only available to institutional investors with large amounts to invest.

Cazenove Investment Fund Management recently created a similar product, the Cazenove universal portfolio management service, which is also available within the Cazenove universal investment bond. The Cazenove product offers four multi-manager funds, which is not as extensive as the Scottish Mutual’s range. However, the Scottish Mutual product is not available in its own right. This limits its appeal to existing Scottish Mutual investors and those who are planning to invest in the flexible investment bond.

Recommended

Now IFAs face laundry lockout from fund firms

IFAs will not be able to conduct business with several leading fund management companies in less than two weeks time unless they comply with a voluntary initiative aimed at helping providers meet new money-laundering requirements. This latest revelation comes just a week after Money Marketing exclusively revealed that at least five life offices said they […]

Standard sets up range of fixed loans

Standard Life Bank is launching a new range of fixed rate Freestyle mortgages with the first fixed until May 20, 2005 at 4.9 per cent on loans to value up to 90 per cent and 5.09 per cent on LTVs up to 95 per cent. The second is fixed until October 15, 2007 at 5.09 […]

Newcastle Building Society – FTSE Lock In Toisa

Monday, August 19, 2002Type: Tessa only IsaAim: Growth linked to the FTSE 100 indexMinimum investment: Lump sum £3,000Maximum investment: £9,000Catmarked: NoCharges: NoneCommission: Initial 2%Tel: 020 7710 6906

&#39Cut the gap with 2% cap&#39

The ABI is endorsing Sandler&#39s recommendation of “stakeholder”-style products by proposing two new safe-haven products although it wants the 1 per cent price cap raised. A report by Oliver Wyman & Company for the ABI says the savings gap could be closed by £5bn through its product models. The ABI says Sandler is right in […]

Solving the income puzzle

There is a puzzle at the centre of financial markets. The global economy is growing, there are signs of inflation and interest rates are going up, yet yields remain low. In this article, James Foster, manager of the Artemis Monthly Distribution fund, unpicks this conundrum and looks at where investors can find income. There is […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com