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Investment Funds

Telecoms turning a corner

Punishing rude awakenings brought on by this summer’s financial crisis have led investors to seek refuge in defensive sectors, amongst other strategies, in a bid to reduce the volume of risk, volatility and cyclicality within their portfolios.

Rush for coal to satisfy rising energy demand in Asia

While the US economy slows, both China and India posted GDP growth rates in excess of 8.5% in the third quarter. As a result, energy demand is increasing sharply. While developed economies explore the potential of ‘clean’ energy supplied from solar panels or wind turbines, many developing countries are looking to satisfy demand with traditional, lower cost options such as coal.

Standard Life Investments wins £120m Taylor Wimpey Mandate

Leading fund manager, Standard Life Investments today announced its appointment by Taylor Wimpey, the UK house builder, to manage a segregated UK Equity portfolio valued at over £120m.

More education needed for short selling

With Short Selling becoming an increasingly favoured market practice, many investors are coming to believe that a short selling constraint in portfolio management, prevents them from fully exploiting their ability to forecast stock returns according to Scottish Widows Investment Partnership (SWIP).

James Hay adds Schroder Asian Alpha Plus Fund

James Hay has added the Schroder Asian Alpha Plus Fund to both its Wrap & SIPP fund ranges. Four of these funds are newly launched funds.

Santander UK Growth Fund investment outlook

Richard Moore assumed management of the Santander UK Growth Fund (formerly Abbey UK Growth Fund) in July. Over three and six months, the fund is placed in the upper quartile in its sector.

AXA selects Barclays to maintain index tracking funds

AXA Wealth Management has announced a change of managers for its index tracking funds, with Barclays Global Investors taking over from Hermes. This follows the decision by Hermes to pull out of the management of passive index tracking funds from November 30.

Barclays issues enhanced Defined Returns Plan

Barclays is launching an enhanced version of its best selling Defined Returns Plan, featuring an improved five-year kick-out option offering investors a 10 per cent annual return for each year the plan is in force.

Top-performing smaller companies fund could grow by £300m

Resolution Asset Management fund manager David Clark says his top-performing £110m smaller companies fund could grow by another £300m before liquidity constraints affected returns.

S&P to launch Credit Default Swap Indices

Standard & Poor’s, the world’s leading index provider, announced that it is set to launch three U.S. based Credit Default Swap (CDS) indices focused in the $28.8 trillion Credit Derivatives Market. The S& P U.S. Investment Grade CDS Index, the S& P U.S. High Yield CDS Index and the S& P 100 CDS Index will be launched during the first quarter of 2008.

Political headwinds positive for PACAT

Political developments in the Asian region should be positive for key stocks in the portfolio of Pacific Assets Trust, says F&C's Peter Dalgliesh, manager of the portfolio.

Investors voice 'disappointment' at SEC

On Wednesday (28 November) the US Securities and Exchange Commission (SEC) voted to prohibit investors in US companies from submitting proposals on board elections.

Capital gains tax reform set to produce technical boost for AIM

Planned changes to UK Capital Gains Tax, conceived of as a populist response to criticism of the taxation of earnings by private equity executives, could actually result in a surprise technical boost to the Alternative Investment Market (AIM) in early 2008, according to Catherine Stanley, manager of the F&C UK Smaller Companies Fund.

Gartmore Emerging Markets Opportunities Fund upgraded

The rating agency OBSR has upgraded Gartmore’s Emerging Markets Opportunities Fund from ‘A’ to ‘AA’.

Scott banks on a hard landing but not a full recession

As equity markets continue to reel from the fall-out of the credit crisis, with banks among the worst hit, Ted Scott, manager of the top performing F&C UK Growth & Income Fund warns that the US economy is headed for a hard landing.