View more on these topics

SVM goes continental

SVM Asset Management has introduced the continental Europe fund, an Oeic that aims for capital growth by investing mainly in European large caps.

The fund is benchmarked against the FTSE World Europe ex UK index and despite the focus on large caps, the portfolio will also include mid-caps that appear to have high growth potential. The stocks will be selected by the fund managers using the FTSE Eurotop 350 index.

Michael Nicol and Paul Casson are the co-managers of the fund. Nicol has over 20 years experience managing European portfolios and previously worked for Dunedin and Bairlogie. Casson previously spent five years managing European portfolios at Martin Currie.

The fund managers will try to take advantage of volatile share prices by picking up stocks when they are low in relation to the company&#39s overall value. They will look for companies with strong balance sheets, delivering reasonable profits and those that appear to be market leaders in their field.

Europe has been a disappointing place to invest during the last few years and the expected recovery is taking longer than many people anticipated. Consumer confidence in France is very low and the German market is weak, with high unemployment a major concern. However, some investors who want to diversify their portfolio away from the UK may want to take advantage of the low stock valuations now, before they recover.

According to Standard & Poor&#39s, the offshore SVM continental Europe fund is ranked 18 out of 95 funds based on £1,000 invested on a bid-to-bid basis with gross income reinvested over one year to October 1, 2002.


Closing time

Closure has a ring of finality about it. Closing something implies that you have finished with it and that you are now moving on. But in the world of pensions though closure often means something fundamentally different.A recent survey conducted by Hazell Carr of small to medium-size enterprises with defined-benefit pension schemes found that 25 […]

Treasury say &#39Yes&#39 to stakeholder products

The Treasury officially today announced it plans to push forward with the Sandler review&#39s recommendation of a suite of simple products aimed at closing the savings gap.At a conference in London attended by approximately 120 delegates from the industry, Treasury Financial Secretary Ruth Kelly said the Government is impressed with the depth of the Sandler […]

Pickering attacks industry Nimps who resist change

The tax-free lump sum on pensions must not be a sacred cow blocking the route to radical reform, warned Alan Pickering in a blistering attack on the pensions establishment last week.Describing pension professionals resisting change as Nimps – Not In My Pension Scheme – Pickering told delegates at the Pensions Management Institute annual conference in […]

DBS firms&#39 anger over member supervisor

DBS members are angry at the network&#39s insistence that all firms with more than two RIs appoint a “member supervisor” to take on a new compliance and training role following a review by the firm.Members say these dut-ies should be performed by the network and means that firms will have to fund the new role […]

 Article 50 Q&A: The negotiations to watch for 

Holly Cassell, Assistant Manager of the top-performing Neptune UK Mid Cap Fund, discusses the potential near-term impact of Article 50 and the Brexit negotiations that she believes investors should pay most attention to. Read article here Important information  Investment risks  Neptune funds may have a high historic volatility rating and past performance is not a […]


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