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Virgin warns of rollercoaster bond ride

VIRGIN Direct is calling on investors to exercise caution when choosing UK corporate bonds, following a survey conducted on 41 funds in the sector.

The Virgin Direct study looked at corporate bond fund quartile performance over five rolling 12 month periods between 1995 and 2000.

The survey found that more than two thirds of corporate bond funds with a five year performance record, had an average annual quartile ranking of more than two, indicating a high degree of volatility.

Only seven out of 41 funds consistently had a quartile ranking of less than two.

Virgin Direct claim these results highlight investing in UK corporate bond funds can be a rollercoaster ride and that investors don&#39t fully appreciate the risks they might be taking.


First Direct adopting a twotier system in switch to IFA

First Direct, HSBC&#39s telephone and internet banking arm is ringing the changes with a two-tier entry into the IFA market.The telephone-based service is set to start up in the middle of January. Its target is to make the bank one of the biggest IFAs in the country, with the aim of filling the gap in […]

Schroder – US Dynamic Growth Fund

Friday, 10th November 2000.Type: Unit trust.Aim: Growth by investing in a portfolio of US companies with good growth potential.Minimum investment: £1,000.Investment split: 100 per cent US equities.Isa link: Yes.Pep transfers: No.Charges: Initial 5.25 per cent, annual 1.5 per cent.Special offer: Initial charge reduced from 5.25 per cent to 3.25 per cent.Offer period: Until January 31, […]

Peps needn&#39t be dogged by poor performance

Nine million Pep accounts still exist despite Peps being clo sed to new investment more than 18 months ago.For most Pep holders, the best course of action may be to leave the investment alone as many accounts are unlikely to have realised any long-term potential.But, for IFAs, the Pep market is certainly not worth neg […]

Barclays appoints new finance director

Barclays has this week appointed John Varley, former retail financial services chief executive at the bank, as finance director.He is replacing David Allvey who leaves with a £1.6m pay-off after a year with the group as it completes the merger with Woolwich.Barclays also confirmed the appointment of Woolwich&#39s John Stewart on its board as deputy […]

Certification guide

Guide: how to… certify your pension scheme

Certification is highly complex and surrounded by a minefield of information and auto-enrolment jargon, which can make it very difficult to understand. However, for many employers it is a necessary process that must be executed successfully.


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