Skandia Investment Management
Ethical Fund
Type: Unit trust fund of funds
Aim: Growth and income by investing in ethical funds and a segregated mandate
Minimum investment: Lump sum 1,000
Investment split: 76% JPMorgan Asset Management ethical mandate, 8% F&C Stewardship growth fund, 8% Aegon ethical fund, 8% Norwich UK Ethical Fund
Isa link: Yes
Pep transfers: Yes
Charges: Initial 5% annual 1.25%
Commission: Initial up to 3.5%, renewal 0.5%
Tel: 023 8033 4411
The equity markets have tumbled in recent weeks. No one would necessarily blame the way fund managers are remunerated. It is driven by oil prices, fears about inflation and global uncertainty.
L&G Investment Management has appointed Peter Chambers to be its chief executive officer.Chambers was previously chief execuitve of Framlington and will join LGIM on November 14, 2005. LGIM’s current head Tim Breedon will be taking over as chief executive of the L&G group on January 1,2006.
The Association of Mortgage Intermediaries has pitched into the debate on the cost of mortgage regulation, demanding that the FSA carries out a thorough assessment of the regulatory impact on the market. Director Chris Cummings makes his comments in a Council of Mortgage Lenders’ report which puts the one- off cost of mortgage regulation at […]
Bank of Ireland has introduced the balanced guaranteed equity bond issue 27, which combines a guaranteed equity bond with a choice of two fixed rate savings accounts.The savings account element consists of a six-month fixed-rate account paying 5.7 per cent gross and a three-year fixed-rate account paying 14 per cent gross a year.The six-month account […]
Decoding the Fed’s policy-making has become more difficult since it failed to raise interest rates last month. So Artemis’ head of US equities is stock-picking for stability as well as growth.
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Sign up Expectations for a UK interest rate rise in August hardened after the services sector reported its fastest growth since last October on Wednesday, and were further buoyed by comments made by Bank of England governor Mark Carney in a speech given to the Northern Powerhouse Summit in early July. The IHS Markit CIPS Services Purchasing Managers Index, […]
Despite growing concern about the economic outlook for China, investors need not worry
BlackRock and Schroders are frontrunners to manage £109bn for Lloyds Banking Group’s Scottish Widows Investment Partnership funds, Bloomberg reports. The London-based bank is set to make its decision in the third quarter of this year, after it invited bids for its contract at the start of this year after ending the agreement it had with […]
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