What Investment articles from October 2002

What Investment archives from October 2002

Happy birthday to us. (Comment).(periodical 'What Investment' celebrates its 20th anniversary)
October 1, 2002... Cast your mind back to the year 1982. What were you doing 20 years ago? Perhaps you were at University battling with the serious issues of liberte, egalite and fraternite. Maybe you'd just launched yourself into your first office job and were...

A flexible retirement. (October News).(the Prudential Flexible Income Drawdown Plan is now available to investors)(Brief Article)
October 1, 2002... Investors looking for more flexibility in retirement can now invest in the Prudential Flexible Income Drawdown Plan. The plan will allow investors to take a tax-free cash sum from their pension fund, draw income and defer the purchase of an...

Back to (SIPP) school. (October News).(Self-Invested Personal Pensions)(Brief Article)
October 1, 2002... TrustNet, the independent online information source, has added an education guide for Self-Invested Personal Pensions (SIPPs) in conjunction with Jupiter Unit Trust Managers. In the UK, there are up to 85,000 SIPP schemes from more than 70...

Bonds could bomb. (News Round-up).(Close Wealth Management)(Brief Article)
October 1, 2002... Thousands of investors are set to lose money because they are buying bond funds at the top of the cycle on the basis of past performance according to Close Wealth Management. The portfolio manager warns that if interest rates rise, bond prices...

The sun goes down. (October News).(Royal and Sun Alliance PLC)(Brief Article)
October 1, 2002... In the light of Royal & SunAlliance's decision to stop taking new life assurance business, Chartwell Investment Services says that the question for existing investors with Royal & SunAlliance is should they stay or should they go? Existing...

In from the garden. (News Round-up).(Luckraft, George)(Nigel Thomas)(Brief Article)
October 1, 2002... George Luckraft and Nigel Thomas have started their fund management lives at Framlington after a period of garden leave following their departure from ABN Amro. Nigel Thomas will manage the UK Select Opportunities Trust, which was...

Good friends. (News Round-up).(Income Distribution Bond, Friends Provident)(Brief Article)
October 1, 2002... Friends Provident has announced significant enhancements to its relaunched Income Distribution Bond (IDB). The bond is specifically targeted towards the long-term investor wanting a regular income and/or growth, without taking excessive risk to...

No time to wait. (October News).(investment management)(Brief Article)
October 1, 2002... Chase de Vere is advising clients to invest their money instead of waiting for the market to pick up. The financial adviser is trying to educate people to change their investing habits. When markets have fallen, people generally wait for them...

Incoming!! (October News).(Chartwell Investment Management Ltd.)(Brief Article)
October 1, 2002... Chartwell Investment Management has launched an income service designed to cater for the needs of income-seeking investors. The financial adviser believes that investors are often forced to make a compromise between their desired level of...

Cracks showing in splits. (October News).(Iimia)(Brief Article)
October 1, 2002... New challenges for beleaguered split capital trusts have been unearthed by Nick Greenwood, head of investment trusts at portfolio management company Iimia. Many splits are having to pay back debt and suffering redemption penalties for pulling...

Top ten funds. (October News).(Illustration)
October 1, 2002... top ten funds Unit trusts One year Performance 1 Merrill Lynch Gold & Gen. 161.36 2 Schroder Seoul 147.32 3 Baring Korea 140.11 4...

Fidelity. (New offers).(FundsNetwork, Fidelity Investments)
October 1, 2002... FundsNetwork, the online fund supermarket for Fidelity Investments has launched two fund packages: the Balanced Trio and Bond Plus. Both packages are aimed at the risk-averse investor. The Balanced Trio package includes Aberdeen Sterling Bond...

Sarasin. (New offers).(Sarasin Investment Management)(Brief Article)
October 1, 2002... Sarasin Investment Management has launched the Sarasin CI Income Portfolio, a Guernsey-based unit trust that looks to take advantage of the fact that real yields (adjusted to the rate of inflation) on good company bonds are at 20-year highs....

HSBC. (Product of the month).(HSBC Asset Management)
October 1, 2002... HSBC Asset Management has launched Safe Haven Growth, a product offering 100 percent capital protection and 100 per cent of any growth in the FTSE 100 at the end of the six-year term. It's the first product of its kind to include features that...

Britannia International. (Also launching this month ...).(Brief Article)
October 1, 2002... Britannia International has launched Issue 10 of its Guaranteed Capital Equity Bond. The bond offers a potential return of 38.25 per cent gross if the FTSE 100 rises or stays the same over the five-year investment period. There is a minimum...

Chelsea Building Society. (Also launching this month ...).(Brief Article)
October 1, 2002... Chelsea Building Society has launched two fixed rate bonds. The One-Year Fixed-Rate Bond (Issue 22) will pay 4.5 per cent gross and has a minimum investment of 1,000 [pounds sterling]. The Two-Year Fixed-Rate Bond (Issue 15) pays 4.8 per cent...

Skipton Building Society. (Also launching this month ...).(Brief Article)
October 1, 2002... Skipton Building Society has launched a Two-Year Fixed-Rate Bond, offering investors a fixed rate of 4.5 per cent. The minimum investment is 1,000 [pounds sterling]; the maximum is 10,000 [pounds sterling]. Call 0800 446 776

Cheltenham & Gloucester. (Also launching this month ...).(Brief Article)
October 1, 2002... Cheltenham & Gloucester is offering a Two-Year Fixed-Rate Bond paying 4.4 percent gross/AER. Minimum investment is 500 [pounds sterling]. Call 0800 717 505

Panel of experts. (October News).(Brief Article)
October 1, 2002... * Graeme Cumming is a financial adviser at Save & Invest [ILLUSTRATION OMITTED] * Patrick Connolly is an associate director at Chartwell Investment Management [ILLUSTRATION OMITTED] * Edward Creasey is a financial adviser at...

Investec Asset Management. (New offers).(Thornburg Asset Management)
October 1, 2002... Investec Asset Management has launched the North American fund through an outsourcing deal with Santa Fe-based Thornburg Asset Management. The outsourcing arrangement will see Thornburg's veteran US star fund manager Bill Fries heading up a...

Managers on the move: should you stay or should you go? What Investment looks into the reasons behind recent fund manager moves. (Fund Managers).
October 1, 2002... It seems that a career in fund management is as fluid as any other profession these days. What Investment's sister publication, the UK Fund Industry Review & Directory 2002, recently revealed that half of all individual unit trust and OEIC fund...

Where to now? Got something of a pain in your wallet at the moment? Russell Hall explains how you can sort out your ailing portfolio and suggests options for short-term and long-term investments. (Focus: investment strategy)(Cover Story).(Cover Story)
October 1, 2002... During the course of the last two years, trading conditions have tested the most resilient of investors and we now find ourselves firmly entrenched in the third year of what many are suggesting is the worst bear market since the early 70s. But...

The canny investor's guide: "put not your trust in money, but put your money in trust", goes the wise saying of Oliver Wendell Holmes. But how do you do it? What are the benefits? And how much does it cost? Michael Drewett sorts the bares from the accumulations. (Trust planning).
October 1, 2002... It's a common(ish) scenario. You spend the better part of 40 years setting up an investment portfolio, tweaking and fine-tuning your assets into one cohesive unit. You buy your dream home, a nice car and indulge yourself with an art collection...

A hunger for income: Stephen Pritchard checks out the benefits of equity income funds and highlights the factors investors must consider when selecting an investment. (Income funds).
October 1, 2002... Anyone with an appetite for income in the 1990s was restricted to something of meagre diet. But the downturn in the fortunes of growth stocks since the FTSE's peak in December 1999 has thrown income funds back to the top of the best-seller...

Mapping out your move: Harvey Jones offers a step-by-step guide to moving to warmer climes. (Moving abroad).
October 1, 2002... So you want to get out of Blighty? You aren't the only one. More than half the country--54 per cent--is keen to escape our lousy weather and property prices according to a recent YouGov survey for the Daily Telegraph. Planning your move...

Active or passive? David Harris looks at the arguments in favour of active and passive fund management. (Q & A).
October 1, 2002... Since the early 1970s, inflation has been seen as a curse within the UK economy. The usual posse of `experts' would also tell anyone prepared to listen that high interest rates in the UK resulted in lack of investment in industry, which, in...

Broaden your horizons: Nick Sudbury reports on the online international sharedealing services that are making it easier and cheaper to diversify your portfolio. (Technology).
October 1, 2002... The old adage of not putting all your eggs in one basket will almost inevitably be familiar to readers--it's practically become a mantra in investment circles. While it's perfectly natural in the face of such difficult market conditions for you...

United Kingdom: time to buy? (World Markets).
October 1, 2002... Macroeconomic data suggests that a market recovery may be imminent "Looking at the UK equity markets in isolation, one would think that the UK was headed for a deep recession," says Andrew Clare, financial economist at Legal & General....

United States: mixed signals. (World Markets).
October 1, 2002... Confusing economic data keeps fund managers and private investors on their toes "Concerns of a weakening economic recovery, with the risk of a recession, are likely to persist," says Tom Elliott of the JP Morgan Fleming US team. "If so,...

Europe: flair in financials. (World Markets).
October 1, 2002... Equities look cheap on an historic basis and many believe we have seen the bottom in the markets "We remain reasonably positive on Europe for some long-standing reasons," says Tony Dolphin, director of global economics at Henderson....

Far East: treading water. (World Market).
October 1, 2002... High savings rates and consumer confidence keep the Far East above the water line "One of the encouraging things for the Asia Pacific region at the start of this year was its decoupling from the US," says Stuart Parks, fund manager of the...

Japan: same old story. (World Markets).
October 1, 2002... Japan continues to suffer the effects of a slump in consumer spending, slow economic recovery and high unemployment "The Japanese stock market has touched an 18-year low, but although things are not looking great, we are not in a financial...

Emerging markets: Moscow calling. (World Markets).
October 1, 2002... High oil prices and threat of war in Iraq make the Russian oil sector a favourite with fund managers During the first six months of 2002, the Russian stock market grew by 20.9 per cent and Baring Asset Management believes that there is much...

Market insider: Korea: continuing our series providing a fundamental analysis of a region from an economic and political perspective. This month, Michael Wilson considers the outlook for Korea. (World Markets).
October 1, 2002... You'll have noticed that it hasn't been what you'd call an outstanding year for the world's stock markets. The world stock market index, as measured by the MSCI World Index, fell by 17 per cent in the first eight months of 2002, and by 19 per...

Market view. (UK Shares).
October 1, 2002... August's index data is misleading in two ways. Firstly, in New York the market's heavy hitters were out in the Hamptons, London's BSDs were in Tuscany or Provence, and the men who matter in Paris and Rome were certainly not in Paris and Rome....

UK stock performance. (UK Shares).
October 1, 2002... UK STOCK PERFORMANCE Rank Company Weight in 1 Month Name Index Return FTSE All-Share 1 London Pacific Group 0.00%...

FTSE 100 index. (UK Shares).
October 1, 2002... FTSE 100 INDEX Stock 1 month Rank 1 year Rank 3i Group 50p 98.29 68 64.68 76 Abbey National 10p 95.76 82 68.86 71...

Index constituent rankings FTSE 100. (UK Shares).
October 1, 2002... INDEX CONSTITUENT RANKINGS FTSE 100 Rank Security Price Dividend Dividend Yield Cover 1 BP 500.5 3.15% ...

Pharmaceuticals sector view. (UK Shares).
October 1, 2002... The Pharmaceuticals sector is, in weighting terms, just two companies: AstraZeneca with a 34.6 billion [pounds sterling] market capitalisation (at 19.99 [pounds sterling]) and GlaxoSmithKline, which, at 11.92 [pounds sterling], is capitalised...

Pharmaceuticals share view. (UK Shares).
October 1, 2002... GlaxoSmithKline was created as the result of three mega-mergers. In the early nineties, Glaxo bought Wellcome and two years ago the combined entity merged with SmithKline Beecham (itself the product of the merger of SmithKline and Beecham). ...

European sector review: Hilary Cook, director of investment strategy at Barclays Private Clients, examines the prospects for the European broadcasting media sector. (Stock Market Review).
October 1, 2002... 2001 was one of the worst years in the broadcasting industry's history. Spending fell 9.3 per cent in the television market as a whole while ITV's revenues dropped by more than 13 per cent. The broadcast media industry is very sensitive to...

European stock performance. (Stock Market Review).
October 1, 2002... EUROPEAN STOCK PERFORMANCE Rank Company Weight in 1 Month Name Index Return Top 20 FTSE World Europe 1 Elan Corporation 0.03%...

Unit trust best buys: What Investment asks three independent financial advisers to recommend their favourite unit trusts for a cautious, a balanced and an aggressive investment. (Unit Trusts Monitor).
October 1, 2002... CAUTIOUS OPTION Alan Beaney, head of investment at Principal Portfolio Managers, suggests that cautious investors need look no further than one of the stalwarts of the UK Equity Income sector, Credit Suisse Income. The fund is ranked...

Performance tables. (Unit Trusts OEICs).
October 1, 2002... Performance tables What the tables show The figures show the value of 100 [pounds sterling] over six months, one, three, five and 10 years to 30 August 2002, on an offer-to-bid basis with net income reinvested. Funds are listed by...

P is for profitability: Keiron Root talks to Rothschild Asset Management's Bambos Hambi about how to run a successful fund of funds.(fund of funds management)
October 1, 2002... Like the idea of investing in a diversified portfolio of funds but rather sit down in front of Grandstand with a cup of tea than monitor the investments yourself? Yes? Then it's probably about time you considered a fund-of-funds investment. ...

Investment trust best buys: what investment asks three independent financial advisers to recommend their favourite investment trusts for a cautious, a balanced and an aggressive investment. (Investment Trusts Monitor).
October 1, 2002... CAUTIOUS OPTION Nick Brind, senior investment manager at Exeter Fund Managers, highlights the zeros issued by Aberdeen Development Capital. These are ranked eighth out of 46 in the Split Capital Zeros sector over three years and have...

Performance tables. (Investment Trusts).
October 1, 2002... Performance Tables The figures show the value of 100 [pounds sterling] invested over six months, one, three, five and ten years to 30 August 2002, on a mid-market basis with net income reinvested. Funds are listed by sector so that you...

Mistaken identity. (Money Doctor).(question and answer regarding unit trusts)
October 1, 2002... On 5 February 2001 I invested 7,000 [pounds sterling] in the Aberdeen Progressive Growth ISA. I am cautious in investment matters and believed that I was investing in a low-risk area. So I was surprised when a recent valuation of my investment...

Next generation investing. (Money Doctor).(question and answer)
October 1, 2002... I was under the impression that nine years ago my wife and I had adequately covered a potential IHT liability by taking out a life assurance policy for 120,000 [pounds sterling] (joint life scheme to pay out on second death, written in trust)....

IFA panel.(Brief Article)
October 1, 2002... * Gary Hexley, financial adviser at Weston Financial Group [ILLUSTRATION OMITTED] * Kay Lowe, partner at Equal Partners [ILLUSTRATION OMITTED] * Milena Atanassova, financial adviser at Rickman Tooze [ILLUSTRATION OMITTED]...

A fixed deal. (Money Doctor).(question and answer)
October 1, 2002... The plight of pension funds is very topical at present. Some two years ago, I moved my pension arrangements from a final salary scheme to a self-invested personal pension. Over recent months, I have been seeking a secure home for 100,000...

A fancy for foods. (Money Doctor).(question and answer)(Brief Article)
October 1, 2002... I am a big fan of organic food and would like to invest in this field, namely the growing and distribution of organic food, as I believe it is a major growth area. I do not usually buy individual company shares but prefer to use my ISA...

Best ways to save. (Reference).
October 1, 2002... Best ways to save NO-NOTICE ACCOUNTS Company Account Gross Interest Name Rate Freq. Balance of 500 [pounds sterling] Coventry...

Personal pension annuity rates. (Reference).
October 1, 2002... An annuity is a financial product that converts capital into income. You can buy one with your own money and you can buy one with accrued pension funds. Currently, for money purchase pension funds, you must buy an annuity by the time you reach...

Financial contacts ISA directory.
October 1, 2002... Financial Contacts ISA Directory NAME OF TYPE NAME & ADDRESS SHEME Abbey National[R] Investments/Tracker ISA Stocks & Shares Tel: 0800 30 20 30 ...