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Scottish Widows – Multi Manager UK Equity Focus Fund

Scottish Widows

Multi Manager UK Equity Focus Fund

Type: Unit-linked manager of managers fund

Aim: Growth by investing in UK equities managed by TT, SVM and Mirabaud

Minimum investment: Lump sum 5,000 via life products, 20 a month via pension products

Investment split: 100% in UK equities

Charges: Annual 0.7% plus annual 0.75%-1% depending on wrapper product

Commission: Subject to negotiation

Tel: 0845 843 2222


Tidal wave is swamping us

What has happened to an industry that makes a massive contribution to the UK economy?The CBI spelt it out recently in their comments that we are being battered by a tidal wave of regulation. A recent survey pointed out that on the mortgage front, 0.32 per cent of mortgages result in a complaint, so why […]

Apple: a stellar technology story

By Ali Unwin, head of technology sector research

Apple recently announced the highest-ever recorded quarterly net profit ($18bn), with the sale of 74.4 million iPhones helping the company deliver $74.6bn of revenue for the quarter ending December 2014. These sales were largely driven by strong demand for the new iPhone 6 and iPhone 6 Plus. Highlights included Chinese iPhone sales doubling year-on-year and unit growth of 44% in the US — supposedly a well-penetrated market. Apple ended the quarter with $178bn in cash on its balance sheet, having generated a staggering $30bn in free cash flow during the quarter.

At Neptune, we have been long-term believers in the Apple story, and continue to hold the stock in a number of our portfolios based on the company’s long-term growth prospects. This is predicated on our belief that Apple has proved thus far that it can — unusually for a consumer electronics company — maintain high margins for a sustained period of time, even as adoption of new technology slows down and competitors produce similar-specification products.


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