View more on these topics

Tracking the top companies

iShares, an arm of Barclays Global Investors, has brought out the iShares FTSE Eurotop 100 exchange-traded fund. This brings the number of ETFs in their range up to 12.

It gives investors the chance to track the FTSE Eurotop 100 index, the largest 100 companies in Europe including the UK. The index is made up of companies such as Volkswagen, Tesco, Barclays and Nestle.

ETFs are tracker funds that blend the characteristics of individual shares with that of unit trusts and investment trusts. Like unit trusts and investment trusts, they invest in a range of shares, which gives them the advantage of diversity.

But unlike unit trusts and investment trusts, ETFs can be traded on the stock exchange at any time. This enables investors to gain exposure to large, well-known European companies easily if they feel that the market looks good. They can also get in and out of the market quickly because the shares are traded on a daily basis.

The FTSE Eurotop 100 fund may interest sophisticated investors with a mediumto high-risk profile, who understand how stockmarkets work.

Tracking an index is risky when, as has recently been the case, stockmarkets are falling. But the worst seems to be over and the Eurotop 100 index has risen over the last three months from 2685.98 points on November 31, 2001 to 2799.58 points on January 31, 2002.

However, ETFs are still a new concept for UK investors and it may take time for them to catch on as they have done in the US.


Smile Invest – Growth

Tuesday 26 February, 2002 Type: Portfolio management Aim: Growth by investing in UK growth funds Minimum investment: Lump sum £250 Investment split: Choice of ABN Amro UK growth, Artemis UK growth, Fidelity special situations, HSBC UK income and growth Income facility: Yes Charges: Initial 1.375%, annual 1.38% Commission: None Contact:

Investment update

Britannic Asset Manage-ment is offering a 1 per cent discount on its four global sector funds until April 30. The discount will take the initial charge on the global healthcare, global technology, global resources and global financials funds to 4.25 per cent from 5.25 per cent. The funds have an annual charge of 1.5 per […]

FSA turning tables on fund managers

Choosing an investment fund is now apparently easier than ever before.Investors need to simply log on to the FSA&#39s comparative tables website, select one of the six available fund sectors and rank their short list in alphabetical order or in terms of charges.Past performance, risk and investment process need not play a part in the […]

GE motors on into pensions as NatMut is scrapped

National Mutual is to disappear from the IFA market, having been swallowed up by new owner GE Capital, the financial subsidiary of the biggest company in the world.Only seven months after the deal was announced, National Mutual is vanishing and an enlarged GE Life takes over from April. The result is a business specialising in […]


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