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Investments
Does the Bank of England know something the market doesn’t?
Today’s surprise increase in UK interest rates has left Bambos Hambi and Marcus Brookes, co-heads of Gartmore’s MultiManager funds, wondering if the Bank of England knows something the rest of the market doesn’t.
NS&I Direct ISA interest rate rises
The interest rate paid on National Savings and Investments' Direct ISA will rise from 5.55% per annum to 5.80% following today's increase in the Bank of England base rate by 0.25%.
Tigue favours Asia and emerging equities
Jeremy Tigue, manager of the giant £2.5 billion Foreign & Colonial Investment Trust PLC, has set out his views on where markets are heading for 2007, as well as the key risks.
Shop till you drop in Germany
New laws in Germany now mean that stores can stay open around the clock. Retailers are hoping for a boost in consumption but Adrian Fowler of F&C is not expecting a material change.
First MM foray into European property
In a separate move, F&C's Multi-Manager Distribution fund has recently invested in the Invista European Real Estate fund, a closed ended Guernsey-listed European property fund.
Boom year for multi-manager funds
Over 12 months to 31 December 2006, F&C's unfettered range of multi-manager funds, which comprise F&C Multi-Manager Distribution, F&C Multi-Manager Balanced, F&C Multi-Manager Growth and F&C Multi-Manager Cautious, have seen their assets increase from £375.7m in 2005 to £628.1m.
Insatiable public appetite for green investing
A survey conducted for F&C Investments has revealed strong public demand for companies to act responsibly on social, environmental and ethical issues. The research also found high levels of public interest in ethical investments despite such funds still being a relatively small portion of the overall savings universe. The survey of 2,193 members of the UK public was conducted last month by 72 Point Limited.
A great CTF
Next week (15-20 January), the Government will launch a campaign to raise awareness of Child Trust Funds - which Britannia offers at a market leading rate of 6.50 percent.
M&S Money increases Cash ISA interest rate
M&S Money is increasing its Cash ISA rate from 5.00% to 5.25% with effect from tomorrow, Friday 12th January 2007, following the decision by the Monetary Policy Committee to increase the Bank of England Base Rate by 0.25%.
On climate change, cars and ostriches
F&C Asset Management comments on hte statement by Van Jolissaint, Chief Economist of the German-US DaimlerChrysler Group.
Leeds Building Society launches branch based fixed rate savings bonds
Leeds Building Society has today launched a range of branch based fixed rate savings bonds offering customers a guaranteed rate of return, a choice of 1, 2 or 3 years and the option to access some of the funds without notice or penalty.
Child Trust Funds – What’s the real problem?
Lisa Taylor of Moneyfacts.co.uk comments: “Next week is national Child Trust Fund week, Ed Balls will attempt to raise awareness of the saving scheme, as take-up still remains disappointingly low, with a quarter of parents still not investing their voucher.
Grandparent CTF top-ups could see children £14,400 richer
Child Trust Fund (CTF) Week is a chance to bring ‘money’ back to the dinner table, says The Children’s Mutual.
Nearly half of Child Trust Funds provided by mutual insurers
Mutual insurers now provide 47% of all the Child Trust Fund (CTF) accounts opened in the UK, according to figures from the Association of Mutual Insurers (AMI).
Enhanced offer on highly regarded investment trust range
Gartmore today announces details of an enhanced offer available to new investors into the company’s investment trust ISA, the Gartmore ISAit, for the duration of the 2007 ISA season.