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Marlborough turns its focus to ETFs

Story by: Nick Rice, Investment Adviser

Marlborough Fund Managers is launching an Oeic of four funds investing purely in ETFs for the retail marketplace, following robust demand for the asset class.

• Time published: 00:01
• Date published: 23.06.2008
• Published in: Investments

Midas appoints Pearse to Midlands position

Multi-asset boutique Midas Capital Partners has appointed Nick Pearse to the newly created position of business development manager for the Midlands.

• Date published: 23.06.2008

Franklin Templeton reveals MENA fund details

Fund managed by Stephen Dover and Purav Jhaveri of Franklin Global Advisers

• Date published: 23.06.2008

US set for cyclical recovery, Henderson claims

The US is set to make a cyclical recovery later in the year and investors should use current weakness to further their buying opportunities, according to the managers of Henderson Global Investors' offshore $539m (£270m) Horizon American Equity fund.

• Date published: 23.06.2008

HFM Columbus predicts bold new phase for Japan

Domestic conditions such as low debt and boosts for Japanese companies means country is sitting pretty, investment planner firm claims

• Date published: 23.06.2008

Commodity ETFs gaining momentum among investors

The growing attractiveness of agricultural commodities and precious metals has seen commodity ETFs grow from €1bn (£790m) in assets under management in January 2006 to €9bn this month, according to db x-trackers.

• Date published: 23.06.2008

Barings foresees Europe corporates outperforming US counterparts

European corporates will continue to outperform their US counterparts in the current credit crunch market due to greater levels of global diversification, James Buckley, manager of the £206m Baring European Growth Trust, has said.

• Date published: 23.06.2008

Dalton triples Japan fund AUM

Japan Advantage fund outperforms Morningstar GIF Equity Japan benchmark over last five months

• Date published: 23.06.2008

Sixth JPMAM trust reaches FTSE250

JPMorgan Asset Management has seen its sixth investment trust admitted to the FTSE250.

• Date published: 23.06.2008

Templeton shareholders agree exit discount

Investors who leave emerging markets trust to get 4 per cent strike price discount

• Date published: 23.06.2008

Weis looks to launch US distressed property fund

US-based real estate developer Weis Development Corporation is planning to launch a fund that will acquire financially distressed property in the US.

• Date published: 23.06.2008

FSA hits Merchant with £77,000 fine

The FSA has fined stockbroker Merchant Securities Group £77,000 for inadequate protection of its customers from identity fraud.

• Date published: 23.06.2008

Multi-managers seek equity income outside UK

Fund launches and increasing overseas dividends attract leading managers

• Date published: 23.06.2008

Darling dubs UK inflation extremely moderate

Chancellor of the Exchequer Alistair Darling has dubbed current UK inflation "extremely moderate" compared with that of the 1970s and 1980s in his response to the letter from the Bank of England's governor.

• Date published: 23.06.2008

JPM New Europe trains eyes on Russia

Commodities, consumption and construction in Russia will lead to a sustainable period of solid growth for JPMorgan Asset Management’s £243.7m New Europe fund, the firm has said.

• Date published: 23.06.2008

Investors need to think long term, says Moneyfacts

Investors in multi-manager products must have long-term horizons, data collated by independent personal finance website Moneyfacts.com has suggested.

• Date published: 23.06.2008

Henderson rebrands range to reflect style

Henderson Global Investors has rebranded its Independent Portfolio fund of funds range as Henderson Multi-Manager and upped their annual management charges from 1.25 to 1.5 per cent as the range celebrates its third anniversary.

• Date published: 23.06.2008

Similarities show up between funds

RBS's four new multi-manager funds and Norwich Union's MoM range have differences in asset allocation and fees

• Date published: 23.06.2008

Invesco property trust renegotiates borrowing to avoid breaking covenants

Board raises long-term gearing to 65% and allows trust one quarter of 75% leverage until end of year

• Date published: 23.06.2008

Lipper report finds rise in multi-manager TERs

Total expense ratios on fettered multi-manager funds have increased over the last year, while unfettered funds have dropped in cost, according to Lipper.

• Date published: 23.06.2008

Matrix forecasts yield to hit 9 per cent

Matrix Group has said the yield on its Asian Property Income fund should hit 9 per cent after the share price fell 15 per cent at the end of May.

• Date published: 23.06.2008

Strange moves at Aifa

Andrew Strange to take over from outgoing deputy director Fay Goddard

• Date published: 23.06.2008

Global confidence grows

State Street Global Markets’Global Investor Confidence index rose by 0.5 points to 81.4 in mid-June 2008, from a level of 80.9 at the end of May.

• Date published: 23.06.2008

New Star research indicates investors underweight in emerging markets

Investors remain underweight in emerging markets, despite belief the sector is set to generate significant returns over the long term, according to New Star Asset Management.

• Date published: 23.06.2008

NDFA launches June version of kick-out plan

Structured product specialist NDFA has launched a June version of its Twin Option Kick Out Plan, replacing April's product, which has now closed to new investment.

• Date published: 23.06.2008

BlackRock poised to move into China

Luxembourg-listed fund will typically hold between 30-70 stocks and will look to generate alpha

• Date published: 23.06.2008

M&G's Woolnough predicts pain in portfoilos to follow the credit crunch

Manager foresees banks and financials will 'get hurt' as default rates pick up

• Date published: 23.06.2008

MPC minutes reveal rate rise was considered

Some of the members of the Monetary Policy Committee considered raising interest rates at its June meeting, Bank of England minutes have shown.

• Date published: 23.06.2008

Board expect Framlington trust to be liquidated

The board of £95.7m Framlington Income & Capital has said it expects the split-cap trust to be liquidated after a underperforming the FTSE All-Share.

• Date published: 23.06.2008

Rensburg appoints Jones for Yorkshire and northeast

Rensburg Sheppards Investment Management has appointed Robert Jones to spearhead the development of its intermediary business in Yorkshire and the northeast.

• Date published: 23.06.2008

North American Smaller Companies keeps competition at bay

Funds Network figures show sector returned 3.99 per cent for May, pipping Technology and Telecoms

• Date published: 23.06.2008

BlackRock urges caution over absolute return funds

The quality of absolute return funds varies greatly and investors need to be aware of the levels of risk needed to deliver the desired outcome, BlackRock Investment Management’s head of UK retail has warned.

• Date published: 23.06.2008

Credit crisis may push Olympic cost up

The London mayor's office has said the credit crisis may increase the cost of the 2012 Olympics.

• Date published: 23.06.2008

IFDS signs deal to supply platform to Cofunds

International Financial Data Services has signed a 10-year contract with Cofunds to provide it with technology and related services.

• Date published: 23.06.2008

Dalton launches Pakistan fund

Dalton Strategic Partnership has launched its Melchior Selected Trust: Pakistan Opportunities fund, in partnership with Karachi-based KASB Funds.

• Date published: 23.06.2008

Emerging markets equity managers at odds over Brazil

Emerging markets equity managers have exchanged conflicting economic outlooks for Brazil following the country's stock market dip over the previous month.

• Date published: 23.06.2008

LV=AM set to launch third multi-manager fund

LV=Asset Management is poised to launch a third multi-manager fund alongside the four-strong risk profile range also due out this summer.

• Date published: 23.06.2008

Catalyst clashes with EIS Association over reforms

EIS provider Catalyst Investment Group has clashed with the EIS Association over future reforms to the industry.

• Date published: 23.06.2008

Baronsmead's Thorp combats VCT rule changes

VCT manager looks to new approaches to alleviate impact of restrictions in future

• Date published: 23.06.2008

Stellar announces fund offer extension

Newly formed company Stellar Asset Management has announced it intends to extend the offer period of its first fund, the Stellar Baltic States fund, to 31 July.

• Date published: 23.06.2008

Arc launches structured product with full capital protection

Arc Capital & Income has launched a new structured product based on bricks and mortar valuations.

• Date published: 23.06.2008

Shake up at Omam as pair of fund managers step down

Manager of Asian Select and manager of Select Managed funds to hand over products to head of fixed interest and macro

• Date published: 23.06.2008

Chancellor outlines banking bill

Chancellor Alistair Darling has outlined plans for a new banking bill which will give the Bank of England new authority to help financial stability.

• Date published: 23.06.2008

S&P launches Overseas China 10 Index

Standard & Poor's has launched an Overseas China 10 Index which will provide tradeable exposure to 10 leading Chinese stocks available to foreign investors only through overseas listings.

• Date published: 23.06.2008

Tilney warns IFAs to rebalance portfolios

IFAs need to urgently rebalance their portfolios to combat inflation, Tilney Private Wealth Management has warned.

• Date published: 23.06.2008

Former Bear Stearns managers charged with fraud

Two former managers at Bear Stearns have been charged with fraud, relating to two hedge funds that collapsed in June 2007.

• Date published: 23.06.2008

SLI urges platforms to provide greater clarity

Standard Life Investments has called for clarity from platforms about their stance on offshore funds as it prepares to launch its Sicav range into the UK.

• Date published: 23.06.2008

Allianz to launch listed FoHF

Allianz Global Investors is planning to launch a listed fund of hedge funds, giving UK retail investors access to a European hedge fund manager for the first time.

• Date published: 23.06.2008

Managers of managers best at reining in annual charges

Total expense ratios on fettered multi-manager funds have increased over the last year, while unfettered funds have dropped in cost, according to Lipper.

• Date published: 18.06.2008

JPMAM New Europe fund banks on Russian growth

Commodities, domestic consumption and construction in Russia will lead to a sustainable period of solid growth for JPMorgan Asset Management’s £243.7m New Europe fund, the firm has said.

• Date published: 17.06.2008

Inflation "extremely moderate" claims Darling

The chancellor of the Exchequer has dubbed current UK inflation "extremely moderate" compared with that of the 1970s and 1980s in his response to the letter from the Bank of England's governor.

• Date published: 17.06.2008

Dalton triples assets in Japan Advantage

Substantial outperformance of its peer group and benchmark has led to Dalton Strategic Partnership (DSP) tripling the assets in its £180.7m Japan Advantage strategy over the last five months.

• Date published: 16.06.2008

Franklin Templeton reveals all on MENA fund

Franklin Templeton Investments has revealed full details of its MENA fund, which is aiming to exploit liquidity growth and budget surpluses in the Middle East and North Africa (MENA), created by high oil prices.

• Date published: 16.06.2008