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Gartmore urges IFAs to switch assets to Global Focus Fund
Globalisation has pervaded many aspects of life and the investment world is no exception with investors recently taking more interest in global equity funds.
James Hay adds Norwich Union European Property Fund
James Hay has added the Norwich Union European Property Fund, managed by Morley Fund Management, to its wrap platform.
JPMorgan Asset Management launches D&A
JPMorgan Asset Management (JPMAM) announces the launch of D&A – JPM Duration & Alpha Funds - a range of products aimed at pension schemes interested in a “one stop LDI solution”. The funds offer a way to reduce pension schemes’ funding risk whilst at the same time, offering potential for excess returns relative to their liabilities.
Does a $2 pound herald economic recession for the UK?
Sterling last nudged $2 in the late summer of 1992 as the beleaguered Conservative Government of the day imposed successive interest rate rises in a futile attempt to keep the UK in the European Exchange Rate Mechanism (ERM). When the UK crashed out of the ERM, the pound fell back against the dollar.
F&C's Scott comments on Tesco's results
Commenting on the announcement from Tesco, which has reported a 13% rise in full-year underlying profits to £2.55bn, Ted Scott manager of the Stewardship Growth and Stewardship Income Funds said:
Morley’s strong growth in European property spurs new hires
Morley, now the world's largest manager of European property assets, has made four new hires and promoted its Head of European Property on the back of 50% growth in funds under management in the region.
HSBC’s BRIC freestyle fund re-opened
HSBC Investments has reopened its GIF BRIC Freestyle fund to investors.
Germany turning the corner
The Eurozone is coming back to life with Germany leading the way. The Ifo business climate headline index remains strong, surprising on the upside against market expectations of a decline in March, signalling resilient growth in the region.
Pacific Growth spies opportunities in the Philippines
The reflationary environment in the Philippines is creating a raft of investment opportunities according to Mark Williams, manager of F&C Pacific Growth Fund. Williams said he had taken an overweight position in the Asian archipelago to take advantage of low interest rates and the economic pick up as evidenced by recent loan growth.
F&C makes changes across multi-manager range of funds
Richard Philbin, Head of Fund of Funds for F&C, has sold out of the Credit Suisse Alpha Income Fund with the proceeds being reinvested across existing UK holdings in the F&C Multi-Manager Balanced, Cautious and Distribution portfolios.
Plenty of opportunities in Europe
Even after a four-year equity rally, when the MSCI Europe ex-UK index significantly outperformed the FTSE All Share, S&P 500 and TOPIX indices returning 108% compared with 96%, 42% and 76% respectively, Tim McCarron, Manager of the Fidelity European Fund believes there are a number of reasons why European markets still offer good prospects and value relative to other major markets.
Jupiter plans North American Fund reconstruction
Jupiter is planning to restructure its £13.5m North American Fund in order to provide investors with an income stream.
Friends Provident celebrates 175 years
Friends Provident has launched a new history section on its website at friendsprovident.com/175, celebrating the company's 175 year history of progressive thinking and its values as an innovative financial services institution.
What type of investor are you?
Investors can now very quickly determine their own personal investment profile and easily tap into the asset allocation expertise of the UK’s largest mutual fund manager, Fidelity International, with the launch of the “Investor Profile Tool” which can be found at fidelity.co.uk/direct/index.html.
Global growth defies the sluggish US housing market
Investors have put the spotlight on the US economy as it undergoes a mid-cycle slowdown driven by housing-related weakness. However, that is not driving a slowdown in global activity, according to Tim Rees, UK equities portfolio manager for Clerical Medical.