UK: NEW BARINGS FUND INVESTS IN FIVE GLOBAL SECTORS
Article Abstract:
Barings Asset Management (BAM) is launching a new fund in February 2001, the Baring Leading Sectors Fund, which targets investment in five global sectors: telecoms, healthcare, media, financials and technology, which BAM consider to have the best long-term growth potential. Fund manager, Lucy Macdonald, deputy head of BAM's equity team in the UK, will have the option to drop unfavourable sectors and replace them with others if necessary. The fund portfolio will contain a total of some 80 stocks, resulting in high stock concentration by sector, and is benchmarked to the MSCI World Index. Minimum investment is GBu 2,500, with a yearly management fee of 1.5% and an initial charge of 5%.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: NEW INDEX TRACKER FUND FROM NATIONAL MUTUAL
Article Abstract:
National Mutual plans to launch the Mega 500 fund, a new index tracker fund, tracking the new Worldtop 500 index. It will be managed by State Street Advisors, passive management investment partner of National Mutual. The annual management charge will be 0.39%, plus commission to be determined by the schemes offering the fund. The fund, a core fund for self-invested personal pension schemes, small self-administered schemes or portfolios within drawdowns, aims to match the full yield of the index in pounds sterling, before charges, and is suitable for investors who wish to follow an international strategy.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2000
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UK: R&SA INTRODUCE UK PRIME FUND
Article Abstract:
Royal & SunAlliance Investments is to introduce its new UK Prime Fund on 30 April 2001. The fund, which is described as an 'aggressive' specialist stock-picking fund, was created because stock market returns are expected to fall significantly and therefore investors will have to be more aggressive by selecting shares to maximise returns.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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