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The Daley Update

Yorkshire Fund Managers&#39 British smaller technology companies 2 is

extending its offer period until May 31. The fund has raised £6.5m of

its £30m target.

Fidelity&#39s Funds-Network has added BWD Rensburg, Govett Investments and

Rothschild Asset Manage-ment funds to its platform, taking the total number

of funds to 476 from 35 providers.

Exeter Investment Group&#39 profits rose by 42 per cent to £2.45m from

£1.72m in the year to March 31. Funds under management rose to

£1.05bn. Net new business was up to £62m from £17m.

Merrill Lynch Investment Managers has set up a closed-end fund offering an

element of downside protection. The Merrill Lynch defined returns fund

offers inc-ome or capital growth. Income shares will provide 8.5 per cent

gross a year while the zero-dividend shares will return up to 27.75 per

cent at the end of the three-year period.

Threadneedle is running another series of regional investment seminars

this autumn. They start in Glasgow on October 2 and end in London on

October 17.



West Bromwich Building Society – Three Year Fixed Rate Bond

Monday, 14 May 2001.Type: High interest account.Minimum-maximum investment: £1,000-£1m.Interest rates: 5 per cent gross a year until July 31, 2002, 5.5 per cent until July 31, 2003, 6 per cent until July 31, 2004.Term: Three years.Offer period: Until further notice.Withdrawal penalties: No withdrawals permitted during term.Tel: 0800 1695128.


What&#39s wrong with independent financial advice? Nothing with theprinciple, of course, but we never seem to be far away from the next whineabout persecution or the rising costs of being in business. Should wereally be surprised? After all, is the sector not suffering from somefairly fundamental structural flaws? An ageing demographic, coupled with a pitiful […]

Baby, one more time

This week, I would like to interrupt my series of articles on employeeshare schemes to consider the latest Government attempt to raise publicawareness on the importance of starting saving early. This has come in the shape of the Child Trust Fund and the Saving Gateway.Both these have come relatively hard on the heels of the […]

Scarborough Building Society – Two Step Five Year Discount

Friday, 18 May 2001.Discounted term: Five years.Discount: 2.25 per cent in year one, 0.74 per cent in years two to five.Payable rate: 4.74 per cent in year one, 6.25 per cent in years two to five.Minimum loan: £25,000.Maximum loan: Up to 95 per cent of valuation subject to a maximum of £250,000.Income multiples: Three times […]


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