Fund Strategy
16 June 2008
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BH Macro share classes listed
16 Jun 2008
BH Macro, a closed-ended, limited liability investment company, has announced its sterling and euro share classes have been included in the revised FTSE 250 Index. The fund, which was admitted to the main market of the London Stock Exchange in March 2007, invests its assets in the ordinary shares of the Brevan Howard Master Fund.
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BH Macro share classes listed
16 Jun 2008
BH Macro, a closed-ended, limited liability investment company, has announced its sterling and euro share classes have been included in the revised FTSE 250 Index. The fund, which was admitted to the main market of the London Stock Exchange in March 2007, invests its assets in the ordinary shares of the Brevan Howard Master Fund.
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BlackRock plans China fund
16 Jun 2008
BlackRock plans to launch an offshore BGF China fund with British distributor status. Jing Ning and Alan Wang will run the fund, with strategic overlay provided by Nick Scott, the firm's Asian equity chief investment officer. The fund, to be launched at the end of June subject to regulatory approval, will hold 30-70 stocks. The minimum investment is the sterling equivalent of $5,000.
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BlackRock plans China fund
16 Jun 2008
BlackRock plans to launch an offshore BGF China fund with British distributor status. Jing Ning and Alan Wang will run the fund, with strategic overlay provided by Nick Scott, the firm's Asian equity chief investment officer. The fund, to be launched at the end of June subject to regulatory approval, will hold 30-70 stocks. The minimum investment is the sterling equivalent of $5,000.
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Cut in funds reflects bearish stance
16 Jun 2008
Panellists ditched several funds from the Aggressive index in the May rebalancing as faith in British equities dwindled, making way for an increase in exposure to cash and America.
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Cut in funds reflects bearish stance
16 Jun 2008
Panellists ditched several funds from the Aggressive index in the May rebalancing as faith in British equities dwindled, making way for an increase in exposure to cash and America.Panellists continued to concentrate their Aggressive Adviser Fund Index (AFI) portfolios during the May rebalancing. As a result, the total number of funds in the index fell by 11, to 103. The move followed a similar reduction last November, and was in sharp contrast to May 2007, when the number of holdings rose ...
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Departure sparks Invesco shake-up
16 Jun 2008
Invesco Perpetual has made several changes to its British equity range of funds after Ed Burke's decision to take early retirement.
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Departure sparks Invesco shake-up
16 Jun 2008
Invesco Perpetual has made several changes to its British equity range of funds after Ed Burke's decision to take early retirement.
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Downturn belies emerging strength
16 Jun 2008
Emerging markets offer promise for equity investors because they benefit from the hike in commodity prices and favourable economic policies - but it is still necessary to be selective.
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Downturn belies emerging strength
16 Jun 2008
The worldwide economic slowdown that emerged in 2007 is still a problem as we head into the second half of 2008. Tightening in monetary policy across several countries, substantial increases in the price of oil, the weakness in America's housing market, and the fallout from the difficulties in the global financial system, which emerged last summer have all contributed to the slowdown.
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Drivers start to take foot off the gas
16 Jun 2008
While the American media daily dissect the latest oil price rise, consumer behaviour is only gradually starting to change. Meanwhile, energy funds benefit from the run on black gold. A premature summer heatwave takes the mercury up to 36 degrees C this week in June, baking New York City's asphalt sidewalks and straining the electricity grid. The sweltering weather makes rush-hour subway rides unbearable. Could it be there are increasing numbers of riders jammed cheek by jowl?
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Drivers start to take foot off the gas
16 Jun 2008
While the American media daily dissect the latest oil price rise, consumer behaviour is only gradually starting to change. Meanwhile, energy funds benefit from the run on black gold. A premature summer heatwave takes the mercury up to 36oC this week in June, baking New York City's asphalt sidewalks and straining the electricity grid. The sweltering weather makes rush-hour subway rides unbearable. Could it be there are increasing numbers of riders jammed cheek by jowl?
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E.Tr@der
16 Jun 2008
I've given instructions to sell my remaining stake in your fund. Nothing personal, but my clients want a more focused approach these days. Give me a call and I'll explain.
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E.Tr@der
16 Jun 2008
From: steve.falco@rosenifa.co.ukTo: e-trader@stella-am.comSubject: Sorry, but….
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European ETFs set to overtake
16 Jun 2008
The assets under management of European fixed income exchange traded funds (ETFs) will exceed the assets under management of American ETFs in the next few months, according to Deutsche Bank. Since the beginning of 2006, the assets under management of fixed income ETFs have grown from £4.4 billion to £16.7 billion at the end of May 2008. Global assets in ETFs are about £140 billion. Assets under management in US fixed income ETFs are at £21.8 billion, 7.3% of the ...
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European ETFs set to overtake
16 Jun 2008
The assets under management of European fixed income exchange traded funds (ETFs) will exceed the assets under management of American ETFs in the next few months, according to Deutsche Bank. Since the beginning of 2006, the assets under management of fixed income ETFs have grown from £4.4 billion to £16.7 billion at the end of May 2008. Global assets in ETFs are about £140 billion. Assets under management in US fixed income ETFs are at £21.8 billion, 7.3% of the ...
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F&C ditches Schroder fund for Veritas
16 Jun 2008
Dean Cheeseman, the head of fund of funds at F&C, has switched out of the Schroder Global Dividend Maximiser fund and replaced it with Veritas' Global Income fund.
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F&C ditches Schroder fund for Veritas
16 Jun 2008
Dean Cheeseman, the head of fund of funds at F&C, has switched out of the Schroder Global Dividend Maximiser fund and replaced it with Veritas' Global Income fund.
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False dawn as confidence tumbles
16 Jun 2008
Investor confidence has tumbled significantly in June, according to the Investor Confidence Index produced by Hargreaves Lansdown.
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False dawn as confidence tumbles
16 Jun 2008
Investor confidence has tumbled significantly in June, according to the Investor Confidence Index produced by Hargreaves Lansdown.
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Firm spots best ideas under radar
16 Jun 2008
Hidden talent has boosted Skandia's Global Best Ideas fund - and it succeeds because the 10 managers are not constrained by any benchmark and are able to pick their 10 favourite stocks.
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Firm spots best ideas under radar
16 Jun 2008
Hidden talent has boosted Skandia's Global Best Ideas fund - and it succeeds because the 10 managers are not constrained by any benchmark and are able to pick their 10 favourite stocks.Skandia's Global Best Ideas fund was the first launch in what is a stable of four such funds. Each works on the same premise - give 10 managers a mandate to select their 10 highest conviction stock ideas.
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Fund Manager's Diary
16 Jun 2008
Saturday An enjoyable day with my family at Newmarket races; my 16-month-old daughter picks the only winners, naturally. Return to Norwich in haste for a charity ball, a great event raising more than £20,000 for a host of charities - I do my bit by buying loads of wine. Sunday I am suffering from the previous night's excesses. Spend the day in the garden and "wedding planning". We get married at the end of the month and my contribution to "planning" involves nodding at the many suggestions.
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Fund Manager's Diary
16 Jun 2008
Saturday An enjoyable day with my family at Newmarket races; my 16-month-old daughter picks the only winners, naturally. Return to Norwich in haste for a charity ball, a great event raising more than £20,000 for a host of charities - I do my bit by buying loads of wine. Sunday I am suffering from the previous night's excesses. Spend the day in the garden and "wedding planning". We get married at the end of the month and my contribution to "planning" involves nodding at ...
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GAM unveils Star Frontier Opps fund
16 Jun 2008
Last week GAM launched its Star Frontier Opportunities fund, managed by Sean Taylor, investment director and head of GAM's emerging markets team.
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GAM unveils Star Frontier Opps fund
16 Jun 2008
Last week GAM launched its Star Frontier Opportunities fund, managed by Sean Taylor, investment director and head of GAM's emerging markets team.
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Global carve-up
16 Jun 2008
raditionally advisers have Tperformed asset allocation with their clients along geographical lines - a certain percentage of the portfolio in Britain, this much in Europe and so on. As asset management firms become more innovative with their product offerings and the global community shrinks, some are beginning to see the logic in instead diversifying portfolios along global themes. Themes that have seen product launches in the past couple of years include agriculture, climate change, ...
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Global carve-up
16 Jun 2008
Demand soars for essential services such as airports, telecommunications and pipelines prompting investors to punt on global themes such as climate change, energy and infrastructure - rather than on a regional basis. Neal Underwood reports.
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Global freedom fosters quirky punts
16 Jun 2008
John Beck, co-manager of the Templeton Global Total Return, shuns benchmark constraints and invests in countries such as Kazakhstan, Malaysia and Poland - with healthy results.
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Global freedom fosters quirky punts
16 Jun 2008
It is common to hear from equity fund managers how they don't wish to be benchmark-constrained. It is less common to hear it from bond fund managers, whose portfolios have been driven by institutional demands for so long. So it is remarkable just how unconstrained the Templeton Global Total Return bond fund is. No gilts to speak of, but lots of exposure to countries not immediately associated with financial stability, such as Kazakhstan, whose tenge currency is 6% of the fund's currency ...
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Global player falls short of its best
16 Jun 2008
Franklin Templeton's origins date back to 1947, when Franklin Distributors was founded. Since then the group has grown through company acquisitions, of which there are 11 to date. It now has a global $623 billion (£318 billion) assets under management.
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Global player falls short of its best
16 Jun 2008
Franklin Templeton's performance in emerging markets - a sector where it has acknowledged expertise - has been less than impressive in recent months. Frances Hughes reports.
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Group replaces distribution fund equity manager
16 Jun 2008
New Star Asset Management has transferred the management of the equity portion of its Managed Distribution fund to Trevor Green from Toby Thompson. Green, who joined from RCM last month, will make several changes to the portfolio in an effort to improve the fund's performance.
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Group replaces distribution fund equity manager
16 Jun 2008
New Star Asset Management has transferred the management of the equity portion of its Managed Distribution fund to Trevor Green from Toby Thompson. Green, who joined from RCM last month, will make several changes to the portfolio in an effort to improve the fund's performance.
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Growth fund managers gloomy on UK economy
16 Jun 2008
Growth managers are largely bearish on the British economy, according to Standard & Poor's (S&P). In its latest review of the UK Growth sector, S&P also found disappointing returns in the first four months of 2008, as funds generally underperformed the FTSE All-Share index.
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Growth fund managers gloomy on UK economy
16 Jun 2008
Growth managers are largely bearish on the British economy, according to Standard & Poor's (S&P). In its latest review of the UK Growth sector, S&P also found disappointing returns in the first four months of 2008, as funds generally underperformed the FTSE All-Share index.
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HSBC launches protected plans
16 Jun 2008
HSBC Global Markets has begun the launch of a range of capital protected plans for the British IFA market, with two five-year plans, available from June 23. The Enhanced Commodity Trends Indicator Plan is linked to the performance of the S&P Commodity Trends Indicator Price Return Tracker Series, which consists of 16 hard and soft commodities. The Protected Emerging Europe Plan is linked to the stockmarkets of Czech Republic, Hungary, Poland and Russia.
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HSBC launches protected plans
16 Jun 2008
HSBC Global Markets has begun the launch of a range of capital protected plans for the British IFA market, with two five-year plans, available from June 23. The Enhanced Commodity Trends Indicator Plan is linked to the performance of the S&P Commodity Trends Indicator Price Return Tracker Series, which consists of 16 hard and soft commodities. The Protected Emerging Europe Plan is linked to the stockmarkets of Czech Republic, Hungary, Poland and Russia.
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Inflows reveal structured bias
16 Jun 2008
Inflows into structured products at Skandia have doubled following market volatility. Demand for Skandia's Protected Portfolio Investment fund has increased nearly two-fold this year, suggesting that structured products are proving a popular investment solution for investors who are nervous about equity investments following the stockmarket volatility. The most recent figures from Skandia show a 152% increase in inflows during the first quarter of 2008 compared with the same period ...
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Inflows reveal structured bias
16 Jun 2008
Inflows into structured products at Skandia have doubled following market volatility. Demand for Skandia's Protected Portfolio Investment fund has increased nearly two-fold this year, suggesting that structured products are proving a popular investment solution for investors who are nervous about equity investments following the stockmarket volatility. The most recent figures from Skandia show a 152% increase in inflows during the first quarter of 2008 compared with the same period ...
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Is this step a leap ahead for trusts?
16 Jun 2008
The Throgmorton investment trust is hailed as the first in its sector to be able to short individual stocks, through the use of contracts for difference. But some claim it is not as radical as it seems.When the board of the Throgmorton investment trust handed the investment mandate to BlackRock it stated it was a "step forward for the industry". This was because if shareholders approve, the investment policy of the UK smaller companies invested trust will be changed to allow 30% of its ...
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Is this step a leap ahead for trusts?
16 Jun 2008
The Throgmorton investment trust is hailed as the first in its sector to be able to short individual stocks, through the use of contracts for difference. But some claim it is not as radical as it seems.
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Legg Mason fund range increased
16 Jun 2008
Legg Mason, the world's ninth-largest asset manager, launched the Batterymarch Emerging Markets Equity fund last week into its Dublin-domiciled Legg Mason Global Funds range. The fund, benchmarked to the MSCI Emerging Markets Index, aims to provide long-term capital appreciation using a bottom-up, model-driven process.
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Legg Mason fund range increased
16 Jun 2008
Legg Mason, the world's ninth-largest asset manager, launched the Batterymarch Emerging Markets Equity fund last week into its Dublin-domiciled Legg Mason Global Funds range. The fund, benchmarked to the MSCI Emerging Markets Index, aims to provide long-term capital appreciation using a bottom-up, model-driven process.
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M&G manager quits new global portfolio
16 Jun 2008
Ben Sanderson, manager of M&G's newly launched Global Real Estate Securities fund, has left the group. Richard O'Connor has stepped in to run the portfolio until a long-term replacement can be found.
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M&G manager quits new global portfolio
16 Jun 2008
Ben Sanderson, manager of M&G's newly launched Global Real Estate Securities fund, has left the group. Richard O'Connor has stepped in to run the portfolio until a long-term replacement can be found.
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Mirae reveals details of imminent Asia-Pacific range
16 Jun 2008
Mirae Asset Global Investors, a wholly owned subsidiary of South Korea's Mirae Asset Financial Group, has announced details of its range of Asia Pacific funds to be launched within six weeks.
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Mirae reveals details of imminent Asia-Pacific range
16 Jun 2008
Mirae Asset Global Investors, a wholly owned subsidiary of South Korea's Mirae Asset Financial Group, has announced details of its range of Asia Pacific funds to be launched within six weeks.
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New Star joins rush for African telecom flotations
16 Jun 2008
Jamie Allsopp, manager of New Star's £68m Heart of Africa fund, is increasing his allocation towards smaller African economies such as Kenya and Zambia.
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New Star joins rush for African telecom flotations
16 Jun 2008
Jamie Allsopp, manager of New Star's £68m Heart of Africa fund, is increasing his allocation towards smaller African economies such as Kenya and Zambia.
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Old Mutual reveals new head for Extra Income
16 Jun 2008
Old Mutual Asset Managers (Omam) has announced that Michael Gifford, manager of the group's Equity Income fund, will take sole responsibility for its £40m Extra Income fund at the start of 2009.
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Old Mutual reveals new head for Extra Income
16 Jun 2008
Old Mutual Asset Managers (Omam) has announced that Michael Gifford, manager of the group's Equity Income fund, will take sole responsibility for its £40m Extra Income fund at the start of 2009.
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Overhaul aims to give our readers the edge
16 Jun 2008
This week's Fund Strategy includes several improvements to the magazine. The aim is to make the publication even more valuable to our readers.
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Overhaul aims to give our readers the edge
16 Jun 2008
This week's Fund Strategy includes several improvements to the magazine. The aim is to make the publication even more valuable to our readers.
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Powerful themes help premier gain ground
16 Jun 2008
Mike Jennings, manager of the Premier Global DSR fund, is questioned by James Phillipps.
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Powerful themes help premier gain ground
16 Jun 2008
Q. With the volatility in the market, is it a good time to launch an absolute return fund?
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S&P in new sector launch
16 Jun 2008
Standard & Poor's Fund Services is launching a Sterling Strategic Bond Funds sector to replace the Sterling High Yield 30-50% sector. It will include high discretion mandates where duration and credit exposure can vary but unhedged currency exposure will be limited to a maximum of 20%.Baring builds teamBaring Asset Management has appointed Harjeet Heer to its fixed income and currency team in London. He joins as head of the global aggregate business.
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S&P launches Asia index series
16 Jun 2008
Standard & Poor's has launched the S&P Asia Thematic Index Series - three new investable indices for Asian equity markets based on specialist investment themes. The S&P Asia Infrastructure index, S&P Asia Water index and S&P Asia Alternative Energy index will offer diversified exposure to leading publicly listed companies operating within these themes across seven developed and emerging Asian markets.
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S&P in new sector launch
16 Jun 2008
Standard & Poor's Fund Services is launching a Sterling Strategic Bond Funds sector to replace the Sterling High Yield 30-50% sector. It will include high discretion mandates where duration and credit exposure can vary but unhedged currency exposure will be limited to a maximum of 20%.Baring builds teamBaring Asset Management has appointed Harjeet Heer to its fixed income and currency team in London. He joins as head of the global aggregate business.
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S&P launches Asia index series
16 Jun 2008
Standard & Poor's has launched the S&P Asia Thematic Index Series - three new investable indices for Asian equity markets based on specialist investment themes. The S&P Asia Infrastructure index, S&P Asia Water index and S&P Asia Alternative Energy index will offer diversified exposure to leading publicly listed companies operating within these themes across seven developed and emerging Asian markets.
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SCAM
16 Jun 2008
It is business as usual for the chairman of Second Coming, the just launched firm – apart from the inconvenience of an awkwardly positioned drinks cabinet and a sulky, oversized hamster.
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TEXT MISSING
16 Jun 2008
title missing
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Upbeat forecasts mask complexity
16 Jun 2008
Emerging markets funds have romped ahead despite gloomy news from America. However, each country has different drivers and factors so investors should resist lumping them together.
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Upbeat forecasts mask complexity
16 Jun 2008
At the beginning of this month I chaired an event about investing in emerging markets on behalf of Cofunds, which had organised it as part of its Platform publication and conference series. The general tone was upbeat, despite the worsening economic news coming out of America. Indeed, the term "decoupling" was mentioned more than once. It was heartening to hear - but are the sentiments realistic?
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World Bank report throws doubt on decoupling thesis
16 Jun 2008
The World Bank has called into question the notion that developed and developing countries are decoupling in a key annual report.
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World Bank report throws doubt on decoupling thesis
16 Jun 2008
The World Bank has called into question the notion that developed and developing countries are decoupling in a key annual report.
