View more on these topics

Volatility drives choice of ETFs for iFunds global Fof

iFunds, a franchise of Raymond James Investment Services, has introduced a global growth fund of funds investing in exchange-traded funds.

The MFM iFunds ETF global growth fund provides exposure to single-country or regional ETFs that are weighted according to volatility rather than market cap.

The fund, administered by Marlborough Fund Managers, has a £1,000 minimum investment. Selection of ETFs will be based on a software system developed over 16 years by iFunds investment director Nigel Baynes and IT director Paul Hudson.

The quant-driven system works on the basis that outperforming assets will perform well for some time. The software recognises when outperformance is deteriorating and will automatically cut positions in those assets. The company says this system recently worked effectively for its commodity fund so that, instead of buying more oil, it was selling its positions.

Sales and marketing director Stacey Ash says: “We weight the ETFs in the global growth fund according to volatility rather than market cap, otherwise we could end up with just a lot of a big companies that do not necessarily represent the best value. In our view, weighting the ETFs according to volatility means we end up with better returns and reduces our reliance on major industries.”


Size up the situation

Key Retirement Solutions business development director Dean Mirfin says downsizing does not have to be the only route for equity-release clients and he tries to assess the FSA’s compliance view on the matter

The name aim

On October 1 the Association of Investment Trust Companies is becoming the Association of Investment Companies.

Sweetener and sour

Transfer incentive business is risky and could come back to haunt advisers

Senior management reshuffle at HBOS

HBOS has reshuffled its senior management, with mortgages director David Nicholson taking over as retail distribution director. A replacement is expected to be announced shortly. Nicholson replaces Rob Devey, who is moving to HBOS’s insurance and investment unit. A group of former Alexander Forbes directors has set up a professional indemnity brokerage for IFAs. Prime […]

The death of retirement – a boost for protection?

According to our recent report on the death of retirement, changes in workplace pension provision mean that coming generations of retirees could have a radically different experience of retirement from their parents. The average contribution rate into an old-style final salary pension was around 20% of total wages, the statutory minimum for a new automatic […]


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