JP Morgan Fleming Asset Management is offering a 2 per cent discount on
lump-sum investments into its Fleming funds Isa. The discount will take the
Isa's initial charge to 3 per cent from 5 per cent. JPMF is also offering a
2 per cent discount for any lump-sum investment of £5,000 or more into
its UK strategic value fund, reducing the initial charge to 3.5 per cent
from 5.5 per cent. Both offers run until October 31.
ABN Amro Asset Management's recently launched UK select opp-ortunities
fund has been awarded a AAA rating by Standard & Poor's, making it the
firm's third fund to get S&P's top rating. The fund, managed by star UK
manager Nigel Thomas, has taken over £125m since its launch at the end
Scottish Life Inter-national has launched an income & growth bonus bond,
offering 11.2 per cent annual gross income coupled with a degree of capital
protection. The bond is linked to the performance of the FTSE 100, S&P 500
and Eurostoxx 50 indices and offers a full return of capital unless one or
more of the indices falls more than 25 per cent over the three-year term of
the investment without recovering. The offer period runs from September 24
to November 9. Comm-ission is 3.5 per cent.
Gerrard Investment Funds is to assume responsibility for the management of
the St Vin-cent high-income fund. The top-performing corporate bond fund
has been administrated and owned by Investec since 1978 although it has
been managed by Gerrard manager Charles Brown since 1984.
Threadneedle has launched a flexible cash withdrawal facility, allowing
investors to take regular cash withdrawals from any Threadneedle Oeic or
managed fund. Investors can withdraw either a set cash sum or a percentage
of up to 7.5 per cent.