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Standard & Poor&#39s Micropal Top 10s

The Govett US bear fund is back at the top of the unit trust tables,

reflecting the continuing sluggish nature of global equity markets. The

fund reverse-tracks the S&P 500 index, performing well when markets are at

their worst.

The average unit trust return for the past year is now down to -16.83 per

cent, meaning £1,000 lump sum invested a year ago would now be worth

£832. Investment trusts have fared slightly better, with the average

return for the past year at -5.29 per cent.


Three multi-manager Fofs from Credit Suisse

Credit Suisse Asset Management is launching multi-manager funds alongsideits private portfolio service which opened for business this week. The three fund of funds allow Pep transfers and Isas. The balancedstrategic fund will hold up to 20 funds as a lower-risk Fof in Autif&#39scautious managed sector, with up to 60 per cent in equities and the […]

Platform fixes lower amid threat of base rate hike

Non-conforming lender Platform Home Loans is overhauling its fixed-raterange to attract cautious borrowers fearful of interest rate rises. Platform is introducing two new loans and cutting the rate on two existingproducts after seeing demand for fixed-rate loans rocket by 13 per centlast month following market speculation of a rise in rates. The new loans at […]

Pru interim profits boost

Prudential announced an increase in interim profits of 16 per cent to £677m in the first six months of 2001.UK sales increased by 10 per cent to £427m on an annual premium equivalent basis, as the benefits of the restructuring of the direct sales force started to be felt.Group sales increased 43 per cent to […]

Invesco Pensions appoints business development and client services manager

Invesco Pensions has appointed John Griffiths as business development manager and Mark McDonnell as head of client services.Griffiths, formerly employee benefits manager at Scottish Mutual, assumes responsibility for managing new client relationships, while Griffiths, who joins from Scottish Mutual, will work with consultant actuaries and trustees in the Midlands and the North.

Martin Foden discusses how convenience is affecting the construction of fixed income portfolios

In this short video, Martin Foden, head of credit research at Royal London Asset Management, discusses how convenience is affecting the construction of fixed income portfolios. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not […]


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