View more on these topics

UBS enters UK market

UBS Global Asset Management has entered the UK retail market with three funds, including the UK select fund. Further funds are expected to emerge in September.

The UK select fund is an Oeic that aims for capital growth. It will invest in a portfolio of between 60 and 100 UK stocks, predominantly mid-caps. the portfolio will initially contain around 75 stocks.

The fund manager, Paul Fairbrother, will identify undervalued UK stocks and invest in those he believes will subsequently rise in price. Sectors that look particularly attractive to Fairbrother including media and telecommunications, but less will go into other sectors such as oils and pharmaceuticals.

Fairbrother has nine years experience as a Pan-European analyst and a fund manager. His UK fund management experience stretches back to 1995. While managing the UK select fund, he will be armed with research provided by 19 UK equity analysts and will select stocks based on their recommendations.

The fund&#39s focus on UK mid-caps mean that the fund will potentially benefit from improving economic conditions more than large caps, with less risk than small caps.

The UK stockmarket may currently be a brighter place to be than other regions, but uncertainty and volatility remain. To ensure his fund&#39s success, Fairbrother will need to ensure that he avoids companies that look undervalued, but which do not fulfil his expectations.

According to Standard & Poor&#39s, the UBS (Lux) EF Great Britain fund is ranked 92 out of 164 funds based on £1,000 invested on a bid-to-bid basis with gross income reinvested over one year to June 13, 2002.


Guide to improve consumer awareness

Which? has published a guide for consumers to protect themselves from unscrupulous advisers by becoming more financially aware. It says the commission system is a less than ideal way of paying advisers and that consumers should arm themselves with relevant information to cut through sales patter. The Be Your Own Financial Adviser guide looks at […]

Northern Rock Guernsey – Offshore Advantage Bond Issue 2

Monday, June 17 2002 Type: Offshore high interest account Aim: Growth linked to the performance of the FTSE 100 index Minimum investment: Lump sum £10,000 Place of registration: Guernsey Investment split: 100% linked to the performance of the FTSE 100 index Isa link: No Yield: Rate A 3% gross a year, rate B 7% gross […]

I have a dream…

A journalist recently asked me what I would do if I were in charge of Government pension policy. This is, of course, a lot more difficult than just telling the Government what it is doing wrong.Perhaps it is easiest to start by saying what I would not (or could not) change. The Government is not […]

Help the Aged picks agency for Solutions

Help the Aged has appointed direct-marketing agency TLG Marketing to promote its Solutions Portfolio range of financial products.The products and services designed are for the over 50s and include general insurance products, long-term care advice, funeral plans and will advice.TLG won the account in a three-way pitch and plans to promote the products through developing […]


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