View more on these topics

Two technology funds will track Euro indices

Close and Themis Fund Management are both to launch new European technology tracker funds next month.

The Close fund will track the FTSE eTX euro 50, a new index to be launched by FTSE on October 2. The index, which will only consist of companies from the Eurozone, is part ofa family of new FTSE Euro-pean technology indices setto launch next month.

The Themis fund will track the new FTSE eTX Innovation index, which encompassesthe eTX euro 50 index, as well as another pan-European index called the eTX 50.

The indices will be the first to bring together tech stocks trading on various markets in Europe. They will be supported by a web site created by Deutsche Bank.

Close managing director Marc Gordon says: “We have had demand from both institutional and retail investorsfor another fund that is geographically distinct from the UK and confines itself to the Eurozone, and the eTX euro 50 index will take into acc-ount stocks listed on all Eurozone markets.”

Chartwell financial adviser Brian McLean says: “Anything that gives IFAs a bit more flexibility and a few more options is welcome. Europe is one of our most favoured sectors at the moment. Providing these funds stack up, then we would definitely take a look.”

Recommended

It&#39s not networking

IFA is one of those three-letter acronyms that rolls off the tongue of anyone in financial services. But IFA looks set to join PIA, SIB and Pep on the scrapheap of financial services acronyms that belong to the last century if advisers do nothing about it.Some would argue that the Association of Independent Financial Advisers […]

Pension credit plan is boost for stakeholder

The Government has given stakeholder a major boost by allaying fears that savers would be penalised by the minimum income guarantee.The move means the stakeholder target group – those earning between £9,500 to £21,600 – can save without fear of being punished for prudence.On Monday, Social Security Secretary Alistair Darling unveiled plans to reward people […]

Group sessions

his month sees the addition of Abbey National, Scottish Widows and Winterthur Life to the ranks of companies offering stakeholder-friendly pension policies, albeit only in group form.From recent reports in the press, Widows has had reasonable success in establishing itself on the stakeholder panels of major IFAs. This, combined with Widows&#39 financial strength and strong […]

Investment View

I shall be sorry to leave Lombard Street. We will be moving to the north bank of the River Thames as our new parent, Old Mutual, gathers together the ever growing threads of its UK businesses. I will be trading a view of the Barclays Bank headquarters for an as yet undefined aspect. I rather […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com