View more on these topics

Two Oeics for Johnstone

Murray Johnstone is launching its first two onshore Oeics, including a portfolio and fixed-interest fund.

The Murray Portfolio Fund will be an actively managed service aimed at relatively wealthy investors and will be fully Pepable.

The Murray Gilt Fund, which invests in medium-dated fixed-interest stocks, aims to offer security of capital and an above-average level of income from medium-dated gilts.

Managing director Richard Elliott Lockhart says: "As an Oeic, all Murray Portfolio&#39s underlying investments portfolio can be traded free of capital gains tax, an often forgotten attraction of pooled inv- estment funds."

Minimum lump-sum investment for the portfolio fund is £5,000 or £200 a month.

The gilt fund has a current estimated annual yield of 6.07 per cent. Income will be paid quarterly. Minimum investment is £500 lump sum or £30 a month.

Charges on the portfolio fund are 4 per cent initial plus 1.5 per cent annual. Commission is 3 per cent initial and renewal of 0.5 per cent.

The gilt fund has a 3 per cent initial charge plus 0.75 per cent annual. Commission is 2 per cent initial and 0.25 per cent renewal.


Hard nut to crack for securitisation squirrel

The Exeter capital growth fund keeps its position at the head of the Standard & Poor&#39s Micropal top-10 list of unit trusts this week, with an increase of 67.5 per cent over the past year. The Jupiter UK growth exempt fund is at number 10 when measured over 12 months, with a return of 44.71 […]


Economists have been predicting a slowdown in the economy and in particular consumer spending for at least six months. They now express surprise that this is not happening. Do they live in the real world? Preliminary figures from Credit Card Research Group put an estimate of £5.5bn on credit card spending for December 1997 – […]

Annual charges rise at Baring

Baring Asset Management is increasing annual management charges on 10 of its 14 unit trusts from April 1. The company says it is raising the fees by between 0.25 and 0.5 percentage points to bring its charges in line with other fund managers. Head of global sales John Heskett says the increase in fees will […]

Grenfell returns with managed risk fund

Morgan Grenfell Asset Management is returning to the retail market with a protected unit trust modelled on its institutional managed risk equity fund. The All-Weather equity fund aims to provide an element of protection to investors who are seeking exposure to equities but are uncomfort-able with the perceived risk. But the biggest challenge will be […]

Powerful estate planning tools ignored or forgotten by wealthy Brits

Canada Life IHT Survey 2016 Only a quarter of wealthy Brits have sought professional estate planning advice to ensure their families don’t pay more tax than required More than a quarter don’t even have a will and just one in five have gifted money Many say they do not need these tools but families would […]


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 thought leadership.

    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