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Private equity is preferred alternative investment
The latest poll of Trustnetusers indicates that private equityis the favoured style of ‘alternative’ investment by the investment community.
Top Ten Retail Investor Buys & Sells for week ending 11 May 2007
Angus Rigby, Chief Executive Officer, TD Waterhouse, commented: Moving away from the story of ABN Amro and RBS, this week there is interest around the £8.76bn takeover bid for the news agency, Reuters, from the Canadian Thomson family. However, the city’s response to this news has been uncharacteristically reticent, with Reuters trading at a near 8 per cent discount on the offer price on Wednesday.
Winterthur add nine new BGI funds to its Tailored Selection
Winterthur has expanded its Tailored Selection fund range with nine BGI pension funds to provide further choice for advisers and their high net worth (HNW) clients.
NS&I direct ISA interest rate rises to 6.05%
The interest rate paid on NS&I's Direct ISA will rise from 5.80% per annum to 6.05% following the increase in the Bank of England base rate by 0.25%.
Teenagers investment pays off to beat 30,000 competitors
The 2007 ifs Student Investor Challenge sponsored by Deutsche Bank and Foreign & Colonial Investment Trust has been won by Metro, a team of four teenage boys from St. Pauls School in Barnes.
Philbin eyes up £1 billion target
The F&C retail fund of funds business edged further towards an eye popping billion pounds of assets under management this week as the combined range broke through the £900 million barrier. F&C’s presence as a market leader in this area has been boosted in recent weeks by the launch of its new LifeStyle fund of funds range.
Newman makes ‘Hanson’ returns
Luke Newman, manager of F&C Special Situations fund, has benefited from an indicative takeover approach for long standing holding Hanson, one of the UK’s leading suppliers of heavy building materials.
The Bank of England should have been bolder
Commenting on the widely anticipated 0.25% rise in UK base rates, leading fund manager Ted Scott of F&C Investments believes that the Bank’s Monetary Policy Committee (MPC) should have gone further in order to stamp out inflationary expectations.
Good start to the year for funds of funds under management
Funds under management at the end of quarter 1 reached £30 billion, up from £29 billion at the end of the previous quarter and an increase of 17% from the same quarter in 2006, according to the Investment Management Association (IMA).
Popularity of ethical funds continues to grow
New money coming into ethical funds for 2007 is set to eclipse last year’s figures, according to analysis of sales data by Fidelity FundsNetwork.
M&S Money increases variable cash ISA interest rate
Immediate response to Bank of England base rate change thanks to M&S Cash ISA Guarantee.
Life Property Fund breaks £2 billion
Standard Life Investments, one of the largest property fund managers in Europe, has announced that Standard Life’s Life Property Fund, which SLI manages, has broken through the £2 billion barrier in funds under management.
Best ISA rates vanishing fast
Rachel Thrussell, Head of savings at moneyfacts.co.uk, comments: “With Alliance & Leicester’s top rate ISA deal already withdrawn, Abbey is left headlining at 8.10% with its Super ISA, but this comes with the requirement to equally fund a Guaranteed Growth Plan and is a limited rate offer.
Hot China causes conflict between discipline and performance
The play on the China theme, with massive inflows into China’s financial markets, made investing in China increasingly difficult for S& P-rated fund managers in 2006, says Standard & Poor’s Fund Services, the leading provider of qualitative fund management ratings.
S&P assigns Fund Management Ratings to two Fidelity Funds
Standard & Poor’s Fund Services, the leading provider of qualitative fund management ratings, has assigned Fund Management Rating to 2 Fidelity Funds, following a detailed qualitative evaluation of the investment process and management of these funds: