View more on these topics

Simple guide to the health of the investment

We would like to correct any impression that Azarat&#39s new service (Osiris) (MM, September 26) focuses solely on return of capital or indeed that a “red status” necessarily implies a bond will fail to return capital.

The green, amber and red indicators are supplementary to the full Osiris reports and are meant as a simple guide to the health of the investment from the perspective of the investor.

The intention is to reflect actual performance in the light of reasonable expectations at the time that the investment was made.

In the case of bonds with guaranteed capital return, such as the bonds from Skipton mentioned in the article, this translates to zero income or growth.

In bonds based on more complex models it may additionally reflect capital at risk or overall negative returns.

Each full Osiris report lays out the criteria affecting overall return and degree of capital protection offered by the bond, alongside graphics and charts mapping the performance of the underlying instruments or indices to the specific model.

These combine to provide a clear view of the current status of the issue.

A number of sample reports, including those mentioned in the article, can be viewed at

Paul Paton

Managing director,




One Tep beyond

The Tep market has moved on recently and they are now seen as an ideal addition to an investment portfolioMaligned by the media and misunderstood by many in the financial services industry, the traded endowment market has until recently found itself in the back water of financial services.Misunderstanding has been further exacerbated recently as all […]

Mayfair Capital – MC Property Income Fund

Wednesday, 16 October 2002 Type: Unit trust Aim: Income by investing in UK commercial property Minimum investment: Lump sum £100,000 Investment split: 100% in UK commercial property Isa link: No Pep transfers: No Charges: Annual 1.1% Commission: Initial up to 2% Tel: 020 7495 1929

Opportunity knocks?

The Pickering proposals largely ignore such specialist areas as SSASs, Sipps and EPPs and focus on the mainstream. How will the recommendations, if enacted, affect the key defined-contribution issues for IFAs and their clients?This year seems to be the Year of the Review. On the pensions front, the Pickering report was published just after Sandler […]

Painting town blue

Local businesses taking advantage when their town is descended upon by conference folk is only to be encouraged.But not all companies appreciate what their potential punters are in the market for. Such an elementary error was not made during the Tory party&#39s annual conference, however, when the local branch of lap-dancing and pole-dancing club Spearmint […]

European Opportunities: 'It’s nice when stock selection results in a macro tailwind'

Amid significant macro headwinds in August, Mark Page explains why his fund’s focus on stock selection has helped it outperform a falling market in August. BESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswy


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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