UK: SCOTTISH FRIENDLY LAUNCHES UK GROWTH FUND
Article Abstract:
Scottish Friendly Asset Managers has introduced a UK growth fund, which will be part of its fund offerings including a managed growth fund and equity-base individual savings accounts (Isas). According to research, the public was looking for a fund with medium risk offering good potential for growth. There is a 1% annual charge as well as a 4% start-up charge for the new fund. Independent financial advisers receive 3% commission. The maximum payment is GBu 7,000. The minimum investment is a single payment of GBu 500 or a monthly direct debit of GBu 30. A Holden Meehan independent financial adviser, Dan Kemp, dare not yet recommend the investment, as the company has little experience in this field.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: Sagitta launches healthcare hedge fund
Article Abstract:
Sagitta Asset Management has launched its Salix global healthcare hedge fund, prompted by recent advances in biotechnology and healthcare. The new fund will have a management fee of 1%/y and will invest in biotechnology, pharmaceuticals, drug delivery, medical devices, hospitals and care homes. It is hoped that Salix, managed by June Scott and with a minimum investment of GBu 68,000, will attract assets of GBu 35mn in the coming two years.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: F&C launches with prospects fund
Article Abstract:
Foreign and Colonial (F&C) is launching a with prospects fund through an Oiec in October 2001, subject to FSA approval. The fund spreads investors' money between different classes, with up to 60% being invested in equities and the remainder in fixed-interest securities.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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