Virgin Direct are promoting tracker funds when most industry commentators are emphasising the need for stockpickers in 2001. Virgin points out that in the three years following the 1990 and 1994 downturns, the market climbed by more than 25 per cent a year in most cases. Over both periods the majority of actively managed funds failed to keep up with the FTSE All Share Index. Virgin director Gordon Maw says: “History would suggest that the index has the ability to bounce back very strongly indeed following a year long correction. In those situations the odds are stacked in favour of tracker funds.”
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Chase Fleming – FF-Global Dynamic Fund
Friday, 12th January 2001.Type: Sicav.Aim: Growth by investing in world wide stocks.Minimum investment: Lump sum £2,000, monthly £50.Place of registration: Luxemburg.Investment split: Australia 1.3 per cent, Belgium 0.4 per cent, Canada 2.6 per cent, Denmark 0.4 per cent, Finland 1.3 per cent, France 5.4 per cent, Germany 3.6 per cent, Hong Kong 1.2 per cent, […]
IFAs must take lead role
The loss of polarisation is not actually the enormous problem for the IFA that the financial institutions would like it to be. For the IFA who is providing a proper caring and ongoing service for clients, the loss of polarisation is a minor hindrance. But the commercial background is quite unpleasant. The solution is easily […]
Equitable rethinks drawdown transfers
Equitable Life has confirmed it will allow all its income-drawdown policyholders to transfer their plans once new regulations come into force in April. There had been concerns that the company would prevent transfers of drawdown plans taken out before June 29, 2000. Providers, IFAs and Money Marketing were last week told by Equitable's technical services […]
MPs are ready for inquiry
A Parliamentary committee is expected to announce an inquiry into the Equitable Life debacle, including the role of the FSA. The Treasury select committee is set to announce the inquiry at its first hearing of the year next Tuesday. The committee has come under increasing pressure from MPs of all parties, consumer groups and industry […]
Rayner Spencer Mills: Why we rate the Artemis US Select Fund
Ken Rayner and Graham O¹Neill from RSM explain why they rate the fund, its investment process and how it can be used in a portfolio The Artemis US Select Fund became a RSM ‘rated’ fund earlier this year. In this video, Ken Rayner and Graham O’Neill explain the fund’s investment approach, why they rate it, […]
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Are annuities missing asset class for sustainable drawdown?
How to make a pot of money last a lifetime- this is the crux of the retirement challenge. While the retirement landscape has undergone significant changes, the fundamentals of the challenge have remained the same but the responsibility for addressing it has shifted from institutions to the individual. Drawdown accounts are now the most popular […]
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FCA confirms ban for jailed Norfolk IFAs
The FCA has confirmed that financial adviser pair Alan and Russell Taylor will not be allowed to work in any regulated position again after being jailed for 11 years on fraud charges. The brothers, who ran Norfolk IFA Taylor and Taylor Associates, plead guilty to conspiracy to defraud earlier this year, after defrauding nearly 200 […]