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The Daley Update

Cofunds, the IFA fund supermarket, has made two new appointments to its growing team. Laurie Jaques will join the sales operation led by Rodney Aldridge. He joins from Baring Asset Management. Andy Creak has been appointed chief technology officer, joining from Cap Gemini.

Active UK fund managers are beating the indices amid volatile market conditions, according to new figures by Standard & Poor&#39s. The average return from a UK growth fund in the 12 months to August 1 was 11.1 per cent. This compares with growth of 7.6 per cent for the FTSE All-share index and 4.4 per cent for the FTSE 100. UK smaller companies funds have also fared well, with an average return of 46.2 per cent – almost 20 per cent ahead of the FTSE small cap index.

Old Mutual Fund Managers is to launch a UK smaller companies fund to be managed by former Hill Samuel small-cap manager Ashton Bradbury. The fund will be launched on January 29. Initial charge is 4 per cent and 1.5 per cent annual.Commission will be3 per cent with 0.5 per cent trail. Old Mutual Asset Management is changingits name to OMFM.

Aberdeen is offering a 1 per cent discount on its fixed-interest, high-yield bond and sterling bond funds in a bid to win redemptions from the CGU MIP fund. The discount will run until December 31. It reduces the initial charge from 4.25 per cent to 3.25 per cent.

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Big brother is listening

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CML welcomes Government regulation announcement

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Allied Irish Bank offers two track investment

Allied Irish Bank is targeting building society savings account holders with its equity linked deposit account.Investors are given a choice as to whether they want to make their investment in Euros or sterling. The decision they make will have a bearing on what index the investment will follow. Investments in sterling will be linked to […]

Autonomy floats on LSE

Shares in software firm Autonomy began trading this week on the London Stock Exchange at £32.76. The shares climbed to £34.90 valuing the company at over £4bn which could be enough to enter the FTSE 100 index if this level is sustained until the next adjustment is due in early December. Autonomy provides the software […]

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Neptune video: Abenomics: the impetus for Japan’s fast-track recovery?

The remarkable performance of the TOPIX over the past year has caused many sceptical equity investors to look again at the Japanese market. These returns have come despite very significant problems facing the Japanese economy. Chris Taylor, manager of the Neptune Japan Opportunities Fund, discusses these problems and whether Abenomics will be able to overcome them, enabling the market to continue to rise.

In the video, Taylor addresses the following:

• The size and speed of Japan’s unprecedented monetary policy
• Abenomics and the implications should it fail
• Corporate Japan and beneficiaries of government policy

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