The Ethical Investment Research Service has set up a new website at
www.eiris.org. The site has several pages for IFAs, giving guidance on
ethical investment funds. It provides statistics, detailed listings of all
forms of ethical finance, and a service to help investors find a specialist
Schroder's Medical Discovery fund has raised £445,000 for the Cancer
Research Campaign. The fund, which reaches its first birthday this month,
contributes half of all net initial charges as well as 0.25 per cent of the
value of the fund every year to the charity. The fund has grown by around
11 per cent.
JO Hambro has extended the offer period on its Leisure & Media VCT until
June 29. The fund has raised just over £8.1m of its £27m target.
Fidelity's FundsNetwork has taken £335m in its first year and has
2,700 IFA users. IFAs account for over 70 per cent of the platform's sales,
with 56 per cent of IFAs using online facilities. Eight IFA groups have
white-labelled to the supermarket and over 80 IFA groups have set up links
to the site. The average age of online FundsNetwork users is 42.
F&C Management has appointed Henrik Gjerning and Niall Kirk to its global
equities desk. Gjerning, who joins from Tilney Investment Managers, will
manage the F&C Global Services fund. Kirk, who was a healthcare analyst for
Commerzbank, will manage the healthcare and biotech portions of a range of