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Supermart adds seven recently launched funds and chart tool

FundsNetwork has added seven funds to its platform and has set up a market chronicle allowing advisers to chart fund performance over 75 years.

The new funds are some of the higher-profile launches of the last six months. They are the Artemis strategic bond, managed by James Foster and Alex Ralph, Britannic Argonaut European alpha, run by Barry Norris and Oliver Russ, Credit Suisse Incubator run by Gary Potter and Robert Burdett, Neptune’s Chinese and Russian funds, run by Robin Geffen, Newton glo-bal opportunities run by Alex Stanic and JPM cautious total return run by Miles Geldard.

The market chronicle tool allows advisers to chart the performance of the UK stockmarket, government bonds, residential property prices and cash over discrete 10-year periods since 1930. Clients can see how share investments would compare with other asset classes.

FundsNetwork marketing director Rob Fisher says: “Adv- isers and their clients now have a wider choice.”


Assureweb in new links

Assureweb is claiming that new links with four product providers’ websites will treble its new business transactions in the next year. The portal now links to the extranet sites of Prudential, Scottish Equitable, Standard Life and Scottish Pro- vident in addition to Nor- wich Union, Scottish Widows, Friends Provident and Legal & General. Assureweb director […]

Unit trust surge for Swip and Invesco

Swip/Hill Samuel topped the chart with 424m in net retail sales followed by Invesco Perpetual which sold 298m net, thanks to strong sales of Neil Woodford’s UK equity income funds. Newton’s higher-income fund and New Star’s property fund also sold strongly, achieving net retail sales of 245m and 224m respectively. Fidelity special situations, Artemis income, […]

Personal bankruptcies rocket

Personal bankruptcies in England and Wales have leapt by 75 per cent to their highest levels in three years, according to credit-rating agency Experian. It says there were 480 new bankruptcies in June 2005 compared with 275 in the same month in 2003. This increase brings the total in the first half of this year […]

Openwork move to cut loan panel

Openwork will slash its mortgage panel in the new year, with lenders retained on the basis of feedback from its advisers. The network currently uses a panel of 38 and is expected to cut this by more than a quarter but it will still market its mortgage proposition as whole of market, albeit on a […]


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