View more on these topics

Unit trust sales reach record level of 1.5bn

Intermediaries accounted for 49 per cent of retail unit trust sales in November, although Pep sales made up a smaller than usual proportion.

Gross retail sales of unit trusts posted a record high of 1.5bn, about 200 up on last month.

Gross Pep sales of 664m, although up on last month, contributed a lower than average 43 per cent of the overall retail total.

Total net sales of unit trusts reached 845.7m, up from 594.4m in October and 355.8m in November last year.

The UK corporate bond sector attracted 258m from retail investors, including 124m in Peps.

The highest institutional sales were in the Europe and North American sectors, with the worst sales in the UK Growth and Far East Excluding Japan sectors.

Straw poll

Who do you think will replace Anthony Bolton on the UK special situations fund?

Fidelity European Fund manager Tim McCarron

Fidelity Income plus fund manager John Stavis

Fidelity UK aggressive manager Sanjeev Shah

Another mystery candidate from Fidelity

A mystery candidate from outside Fidelity



HMC launches fast-track re mortgage service

Household Mortgage Corporation is reacting to Government proposals to improve the house buying process by launching a re mortgage service which promises to deliver funds for customers within ten days.The SureMove scheme is being launched in Somerset in association with First American Title Insurance.The service will be introduced nation-wide in 1999.HMC sales director Ron Howell […]

FSA announce changes to phase 2 of pensions review

The Financial Services Authority and the Personal Investment Authority are announcing further key policy decisions for phase 2 of the pensions transfers and opt-outs review regarding the treatment for rebate-only cases.The Policy decisions are:Investors with rebate-only policies who fall within the phase 2 rebate-only population and were aged 30 or more at the time of […]

Abbey National offers Christmas babies birthday gift

Abbey National says it is offering all babies born on Christmas Day 1998 one year&#39s free private healthcare worth £250.It says parents need to visit their local Abbey national branch with their child&#39s original birth certificate to claim the gift.All children qualifying for free private healthcare cover will be entered into a prize draw. The […]

Analysts urge companies to consider share buyback schemes

Analysts are urging companies to consider share buyback schemes as a means of raising capital in the wake of the economic downturn.They are forecasting that the total of British share repurchase programmes could be worth £15bn by the end of 1998.This figure represents a 275 per cent increase from last year.High profile companies such as […]

Japan Economic Insight

James Dowey, Chief Economist, and Paul Caruana-Galizia, Economist

The conventional wisdom is that following a roughly 50 per cent rise in the stock market in 2013 in Yen terms, the Japan trade is over and done*. So the story goes, those big gains were due to a one-off boost from quantitative easing (QE) and a depreciation of the Yen — policies that one should think of as a palliative to Japan’s economic weakness, but not a cure. Rather the cure, and by implication the necessary condition for a longer-term investment case, is deep structural reforms — a painstaking re-weaving of Japan’s economic and social fabric, no less. The story continues: this is a much tougher test than launching a blast of QE, and one that prime minister Shinzo Abe, although well intentioned and well supported by the public thus far, is likely to fail. Stick a fork in Japan, it’s done…continue reading


News and expert analysis straight to your inbox

Sign up


    Leave a comment