Investment Adviser articles from September 2002

Investment Adviser archives from September 2002

Technology funds take top five slot in ratings.(Brief Article)
September 2, 2002... Technology funds were last weeks comeback kids, according to Standard & Poors. The top five unit trusts were Lincoln Internet Tollkeeper, (12.29 per cent), M&G European Technology, (10.35 per cent), M&G Global Technology (10.15 per cent)...

Dirty Dozen to focus on ethical investment; Karina Litvack to head Friends Ivory & Simes new 12-strong SRI team.(Friends Ivory & Sime)(Brief Article)
September 2, 2002... BY SIMONEY GIRARD Friends Ivory & Sime has announced the names of its new ethical investment team. The 12-strong team, which has cheekily dubbed itself "the Dirty Dozen", will be headed by Karina Litvack, the director of FIS...

World summit probes fund values.(Brief Article)
September 2, 2002... BY KIM GURNEY in Johannesburg Retail investors and pension fund contributors are fuelling a new way of measuring the performance of companies. According to experts at the UN World Development summit in South Africa, increasing mistrust...

Appointments.(GE Life; Ray Chinn)
September 2, 2002... GE Life has made a trio of appointments to its marketing department. Ray Chinn has been appointed marketing manager, research. He has 18 years industry experience and has previously worked for Provident Mutual, Scottish Life and National...

Diary.(Gartmore Asset Mngt)(Column)
September 2, 2002... Highs and lows for Gartmore staff Whether it was charity or insanity that inspired 16 Gartmore employees (pictured) to take on the three highest mountains in Britain last weekend is open to debate. What is beyond question, however, is that...

Managers of corporate bonds ditching losers; Corporate bond managers seek advice of equity experts to avoid fund failures.(Brief Article)
September 2, 2002... BY Susan Butterworth CORPORATE bond fund managers are increasingly consulting equity managers to avoid picking losing stocks, a report by IFA Bestinvest concludes. The report into the corporate bond sector said the main driver of...

GBP14m fund-raiser aims to up VCTs company spread.(Isis Capital, venture capital trust)(Brief Article)
September 2, 2002... THE Baronsmead venture capital trust, launched in 1995, is looking to raise a further GBP14m this autumn. Isis Capital, investment manager of the VCT, said this would enable it to increase its portfolio spread from 35 to more than 50...

CSAM fund of funds service bags GBP100m.(Brief Article)
September 2, 2002... Investors have poured an estimated GBP100m into the CSAM Multi-Manager fund of funds service launched in August 2001. Fund of funds are more expensive than individual funds but carry a lower level of risk, which is a trump card for...

Investors told to give gilts a miss.(Brief Article)
September 2, 2002... by aSHUTOSH KUMAR Wealth management company Inscape has advised intermediaries to steer clear of gilts, usually seen as a safe haven in volatile markets. The company advised gilt investors to review their positions urgently and...

UK confidence plummets in wake of Enron scandal.(Brief Article)
September 2, 2002... Two-thirds of UK investors no longer feel confident investing in the stock market as a result of the Enron and Worldcom scandals. According to a survey by Cavendish Asset Management, 66 per cent of experienced investors said the scandals...

90% of retail sales advice-based.(Brief Article)
September 2, 2002... More than 90 per cent of Julys retail investment sales were advice-based, according to Investment Management Association statistics. Gross retail sales rose from GBP2.31bn in June to GBP2.33bn in July, with 67 per cent of these distributed...

Climb in Isa sales fails to mask long-term fall; Gross Isa sales up 8% since June but annual figures show a drop of 35%.(investment savings accounts)
September 2, 2002... BY SIMONEY GIRARD Isa sales have slipped 35 per cent since July 2001, according to data from the Investment Management Association. Net sales of Isas fell from GBP437.9m in the second quarter of 2001 to GBP283.8m by July 2002. Julys...

New manager injects fresh stock into New Star.(Brief Article)
September 2, 2002... The profile of New Stars UK Growth fund has changed more than 50 per cent since Stephen Whittaker took over. The manager, who took over from Alan Miller in July, said: "I had to get the fund into stocks and positions with which I felt...

US fund stays with softly-softly strategy.(Govett US Opportunities)(Brief Article)
September 2, 2002... Gil Knight, manager of Govett US Opportunities, is maintaining a defensive position on his AA-rated GBP58m fund. Govett said the fund manager, based in the US, was confident but cautious about North Americas economic recovery. Mr...

Britannic European Growth drops by 14%; Fund loses GBP11.5m in just one month, but manager claims an improvement.(Brief Article)
September 2, 2002... By Ashutosh Kumar THE Britannic European Growth fund has lost nearly 14 per cent of its value in just one month. The fund, which has been in the third quartile over three, five and 10 years, has lost an estimated GBP11.5m of its value....

Buy bonds now and lose out, says Close Wealth.(Brief Article)
September 2, 2002... BOND investors are to lose out as they buy at the top of the cycle and their risk profiles increase, according to Close Wealth Management. The company, which is part of Close Brothers, said thousands of investors with bond funds were set to...

Large cap stocks will outperform survey.(Brief Article)
September 2, 2002... LARGE cap stocks are expected to outperform other asset classes over the next 12 months, according to a survey. The Morningstar survey of 49 European fund groups, including nine from UK, found 44 per cent of fund groups expected large cap...

Bank, building society cash Isa rates are best.(investment savings accounts)(Brief Article)
September 2, 2002... The best cash Isa rates are from branch-based accounts, according to The Research Department. The top 10 Isas have all been from building societies or bank branches, paying an average 4.67 per cent on a deposit of GBP3000. The lowest...

77% of advisers have not heard of wrap accounts; Despite two years of marketing, many IFAs are ignorant of wrap accounts.(Brief Article)
September 2, 2002... By James Mawson Despite two years of intensive marketing, a surprising number of IFAs are ignorant of wrap accounts. According to Datamonitor research commissioned by JP Morgan FundsHub, which provides the technology for wrap accounts,...

Only two-fifths of UK adults save for future.(Brief Article)
September 2, 2002... Only two-fifths of adults in the UK save regularly, according to a report by Abbey National. The Savings Insight report said more than half of the UK population did not make any financial provisions for the future. Having a satisfying...

Jupiter manager tells how he beat the sector; Top-performing European manager says he tries to be braver than most.(JUPITERS European Special Situations fund )
September 2, 2002... By Gabriela Pomeroy JUPITERS European Special Situations fund manager attributed his outperformance to shunning insurance stocks ahead of the pack. Leon Howard-Spink, whose A-rated fund is ranked number one over three years in the S&P...

Number of US retail advisers is falling.(Brief Article)
September 2, 2002... The number of US retail investment advisers is decreasing, according to a US survey. The 215-page report, The State of the Retail Registered Investment Adviser Market, was compiled by Cerulli Associates and showed US RIAs were struggling...

Look to the future on UK equities, says Axa.(Brief Article)
September 2, 2002... THE UK equities market may be offering better value to investors based on future returns, according to Axa Investment Managers. It said in its latest quarterly strategy research that many investors were looking at price/earnings ratios...

Property a better bet than stocks.(Brief Article)
September 2, 2002... Property is a better investment than stocks and provides a better return than pensions, according to a survey. In spite of warnings about an upcoming crisis in the buy-to-let market because of an oversupply of property, intermediaries are...

Managers hit by market turmoil.(Brief Article)
September 2, 2002... The white-knuckle ride of 2001 has shaken and stirred private client managers, according to Private Asset Management research. Figures from the private client investment research guide revealed that the 40 top performing managers had, on...

Schroder hedge fund targets rich investors; Multi-strategy hedge fund of funds seeks benefits of the market cycle.
September 2, 2002... By Sam Dunn SCHRODER is to launch a multi-strategy hedge fund of funds to generate absolute returns for retail investors. With a minimum investment of GBP30,000, the Schroder Alternative Strategies Fund Diversified fund...

New Star managers would buy parent stock.(Brief Article)
September 2, 2002... New Star has said its fund managers would invest in parent company stock again if the opportunity arose. The fund manager sent a letter to IFAs on its database, explaining why the European Leaders fund had invested in New Star stock (see...

North America sector hailed as top performer.(Brief Article)
September 2, 2002... By ASHUTOSH KUMAR The top performing sector over the past month has been North America, according to S&P Fund Research. Both North America and North America Smaller Companies sectors in the S&P tables performed better than Europe both...

British Grand Prix Competition.(Brief Article)
September 2, 2002... Baillie Gifford is in Karina Cricks good books after she won the fund managers British Grand Prix Competition run in IA. She and her husband Simon won a VIP trip to Silverstone. In a letter to Baillie Gifford, Ms Crick,who is business...

Hambi sells R&SAI fund after management changes.(Bambos Hambi; Royal & Sun Alliance Investments)(Brief Article)
September 2, 2002... Unit trust expert Bambos Hambi has sold his investment in Royal & Sun Alliance Investments Equity Income fund after management changes. Mr Hambi is manager of Five Arrows Independent Income Accumulation fund of funds, which invests in a...

Japan investors suffer string of weak returns; Japanese Smaller Companies and Japan sectors plagued by poor figures.
September 2, 2002... BY SAM DUNN JAPANS creaking economy has continued to disappoint investors with a further string of weak investment returns. According to Standard & Poors, Japanese Smaller Companies and Japan were the two sectors suffering the heaviest...

European managers underweight in insurance.(Brief Article)
September 2, 2002... European fund managers are running underweight in insurance stocks. Insurance stocks part of financials, which forms 28.5 per cent of the FTSE World Europe index are being shunned due to concern regarding equity portfolio returns, corporate...

Financial services under the spotlight.(Brief Article)
September 2, 2002... Financial Adviser Expo 2002 is to consider the implications of CP121, Sandler and Pickering regulatory reviews as industry minds look to the future of financial services. The seminar programme, which has been created in conjunction with...

September launch for UBS US fund; UBS US Equity fund will be the second US fund to be launched this month.(UBS Global Asset Management)(Brief Article)
September 2, 2002... By Ashutosh Kumar UBS Global Asset Management will launch its North American fund on 30 September the second US fund launched this month. The UBS US Equity fund, to be managed by Tom Digenan, will follow Investecs US fund, set for a 23...

Edinburgh cuts costs.(EDINBURGH Fund Manager)(Brief Article)
September 2, 2002... EDINBURGH Fund Managers latest cost-cutting has prompted fresh speculation it would become a likely takeover target. It announced last week that it would lose six staff and close offices in the US and Canada to save GBP2m a year. The...

New Star shines in survey.(Brief Article)
September 2, 2002... By SUSAN BUTTERWORTH NEW STAR has achieved penetration of almost 50 per cent of the leading intermediary market, a survey claims. According to the 2002 Senate Retail Survey, 39 out of 80 leading intermediary respondents said they were...

Superiority complex; Investors have been attracted by the superior performance of the UK Equity Income sector, but analysts say they may find equity income funds will be unable to maintain the relatively high level of yield. Gail Moss investigates.
September 2, 2002... UK equity income funds were top sellers in this years disastrous Isa season. Investors were attracted to their superior performance as these funds outperformed the FTSE All-Share by 6.25 per cent a year for the past five years. Under the...

Top of the popularity stakes.
September 2, 2002... The UK Equity Income sector has seen most funds failing to increase in size over the past 12 months. In fact, of the 86 funds that supplied information to Standard & Poors, only 20 saw an increase in assets under management between 29 June 2001...

An income fund with an eye on a bargain; RATHBONE INCOME: commentary.
September 2, 2002... The GBP66.3m Rathbone Income fund has achieved a strong performance over both the short and long term. The fund, which was launched in 1971 and has been managed by Carl Stick for just under two years, ranked fourth in the UK Equity Income...

manager comment; RATHBONE INCOME.(Brief Article)
September 2, 2002... Carl Stick I have managed the Rathbone Income fund since January 2000. I am also responsible for the management of the Rathbone Special Situations fund and the Rathbone Smaller Companies fund. As a member of the unit trust team, I...

Orderly conduct in this weeks top 40; DEWI JOHN.
September 2, 2002... This weeks FT Fund Ratings data seems well behaved in contrast to other areas we have. By way of example, of the 40 funds listed to the right, all but three are in the UK Defensive FTFR risk profile. Contrast this with The Analysts...

I predict the first shall be last; Comment.(Column)
September 2, 2002... Nick Dewhurst Equity Income funds are the best proxy for the value investing style in the UK. Fortunately the FTSE includes lower yield and a higher yield indices, so it is possible to track the performance of these alternative...

FT fund ratings.(Brief Article)
September 2, 2002... WELCOME TO Investment Advisers new Fund Ratings service. In this column we provide detailed RCP (Risk, Charge, Performance, Ratings on authorised UK unit trusts, investment trusts and Oeics). We show Risk, Charge and Performance ratings...

Take a bow Mr IFA; The summit in Johannesburg has pushed SRI up the agenda. IA explores the issues.(socially responsible investments)
September 2, 2002... Peter Webster Advising on ethical investment is one area where many IFAs are entitled to a measure of pride. At a time when their role is in question, IFAs who have made it a routine part of their business to advise the public on...

Being good: the new rock n roll; Ethical investment has come of age and the sectors values could be absorbed by mainstream investment funds.
September 2, 2002... SHAISTA AHMED The UN Earth Summit, now on in Johannesburg, has added fuel to the debate on the compatibility of the search for profit and the protection of the environment. It has also generated publicity for ethical investments or...

Embattled investors turn to responsible investment; The growth of SRI is set to continue as investors demand more from those who invest money on their behalf.
September 2, 2002... GARRY TOPP For the investment industry, the past few years have been characterised by change, much of it dramatic and painful. The scandals of false accounting and fraud, and the collapse of markets with the decimation of the savings...

Tapping SRI potential; There is a substantial demand for ethical investing, which is not being met.
September 2, 2002... John Fleetwood Ethical investment is one of the fastest growing financial services sectors, yet it is still a small market in the UK with about GBP4bn invested in ethically screened retail funds. This constitutes less than 1 per cent of...

Its not easy being green; SRI funds are a rapidly growing sector as fund houses cash in on the green craze. But does restrictive criteria prevent them from succeeding in todays falling markets?(socially responsible funds)
September 2, 2002... CHARLES ANSDELL Green has become a fund management obsession. Since the first ethical fund launch in 1984, a myriad of funds have been launched, corresponding to greater global awareness of environmental issues. The first funds were...

Growth of green funds; As the vulnerability of current economic models is revealed, can socially responsible investment provide more substantial protection for investors?(Column)
September 2, 2002... PAUL MOODY In May 1998, the US business magazine Fortune warned its readers of the perils of investing in South-East Asia. "You cant trust the companies, you cant trust the governments, you cant trust the analysts, you cant even trust the...

Strategic view and a straightforward approach the key; James Gledhill to manage soon-to-be launched New Star High Yield Bond fund.
September 2, 2002... Mark Dampier Head of Research, HargreaveS Lansdown New Star has been a genuine growth phenomenon since its launch last year. This has to be set against the background of the worst bear market since 1973-1974, which makes its marketing...

Hedge funds can teach us a thing or two; Despite their complexity and risk, hedge funds offer a salutary lesson in value for money.
September 2, 2002... Should the FSA relax its regulations to allow hedge funds to be marketed to the public? The authoritys recent paper on the issue was fairly agnostic; it read like a fishing expedition to assess the industrys attitude towards the existing...

Putting green in the greenback.(Johannesburg World Summit on Development)(Brief Article)
September 2, 2002... The World Summit on Development in Johannesburg has raised hackles on both sides of the environmental fence. At one extreme, after the fashion of Dads Armys Private Frazier, the response is: were all doomed. After all, if the melting ice...

Bancassurance profits by inertia; Bancassurers remain successful despite difficult markets and slip-shod client service.(Column)
September 2, 2002... Kerry Nelson In times of economic uncertainty, scandal and reviews it is unsurprising that consumers are wary of financial advice. Loyalty and trust, born of a strong relationship between adviser and client is one way for IFAs to...

Letters.(Letter to the Editor)
September 2, 2002... No good being just a pretty face I was disappointed to read your front page report of 12 August, Invesco trust faces closure. It seems you have spoken to a rather inexperienced financial adviser who knows little about the trust Invesco...

Time for transparency; Alan Burton, managing director of Standard Life Investments and chairman of the IMA, tells Gabriela Pomeroy how the trade body plans to stop the massaging of past-performance figures.(Interview)
September 2, 2002... Investment Adviser: Free market competition does not appear to be driving down fund annual charges. Would you say the problem with Adam Smiths invisible hand is that sometimes you cannot see it? Alan Burton: I dont think that is true. There...

Long night of the long knifes; Fund houses preach long-termism but practise the opposite when their fund managers underperform.
September 2, 2002... Sam Dunn THE cadavers have been piling up slowly. Short termism, a new black art of dumping the fund management industrys underachievers, despite successful long-term track records, is becoming a significant trend. Three weeks ago,...

Riding the fund manager whirligig.(Brief Article)
September 2, 2002... Not delivering the figures is simply the latest twist in the turbulent fund manager job market. Employment in the industry is suffering from its own market conditions, leading to higher staff turnover. Consolidation among industry...

OFFSHORE FUNDS; TOP 10 OVER THREE YEARS.
September 2, 2002... Top 10 funds by sector, figures up to 19 August 2002, sell to sell, gross income reinvested

UKs IFA set-up pulls in the fund managers; Survey ranks UK fourth in popularity stakes for fund managers seeking profits.(Cerulli Associates survey )
September 2, 2002... BY JAMES MAWSON The UK is the fourth most attractive target location for fund managers, according to global consultants Cerulli Associates. Cerullis interim assessment of the relative opportunities for fund managers put the UK behind...

Man makes promise of 120% return on capital.(Man Investment Products)(Brief Article)
September 2, 2002... Man Investment Products, an international alternative investment manager, has launched its first 120 per cent capital guaranteed product. The Man IP 220 Series 4 targets medium-term annualised growth of 17 per cent to 18 per cent for each...

Hedge has the edge, say advisers.(hedge funds)(Brief Article)
September 2, 2002... Axa Isle of Man has conducted a survey to investigate the popularity of hedge funds. The move follows the launch of the companys Defensive Bond a month ago. According to the research, 60 per cent of IFAs think hedge funds will rise in...

Generali site tracks milestones.(Date Search)
September 2, 2002... Generali, the Guernsey-based insurance group, has launched an internet search facility aimed at IFAs striving to keep track of their clients investment milestones. Date Search, part of its web-based service centre, enables IFAs to identify...

PENSION FUNDS; Top 10 PENSIONS OVER 10 years.
September 2, 2002... Top 10 pension funds by sector, figures up to 27 August 2002, buy to sell, gross income reinvested

Pensions research puts pressure on IFAs; IFAs warned to develop pensions-selling business in wake of industry survey.(independent financial advisers)
September 2, 2002... By DAN BLOCH IFAs need to take a hard look at how to develop their pensions-selling business, saID key industry sources. Their advice comes in the light of new research and proposed changes to the way the pensions industry operates....

Advisers welcome annuity regulation.(Brief Article)
September 2, 2002... Retirees will be better informed about their investment options as the new requirement on annuities comes into force, say IFAs. From 1 September, all private pension providers are required to inform pension investors about the open market...

AMP Pearl cuts final bonus rates.(Brief Article)
September 2, 2002... AMP Pearl has cut final bonus rates and payouts on maturing with profits endowment and pension policies after stock market falls. The company, previously known as Pearl Assurance, has become the latest in a string of insurers to do so. ...

John Lewis fund slips into the red.
September 2, 2002... Falling profits and declining equities have driven UK retailer John Lewiss pension fund further into deficit. The partnership has ordered a review of the scheme. Roger Dennis, head of pensions for John Lewis partnership, estimated the...

AITC turns spotlight on investment trust boards.(Association of Investment Trust Companies)(Brief Article)
September 9, 2002... The AITCs working party on corporate governance has found room for improvement on investment trust boards. The working party has been led by George Kershaw, a former head of investment trusts for Barclays de Zoete Wedd, which is now...

Dutch manager set to offer Oeics to UK IFAs; Insinger de Beauforts new UK offerings set to target high net worth clients.(Insinger de Beaufort; open ended investment companies)
September 9, 2002... By Gabriela Pomeroy Dutch manager of managers Insinger de Beaufort is to launch three Oeic funds for UK IFAs on 1 October. Aimed at high net worth clients, the three funds will be available direct to IFAs as an Oeic and through Canada...

Schroder manager replaces Pignatelli.(ADRIAAN de Mol van Otterloo; Mark Pignatelli; Schroder European fund)(Brief Article)
September 9, 2002... ADRIAAN de Mol van Otterloo is to take the reins of Schroders European ex-UK retail fund. He replaces Mark Pignatelli, who has been appointed chief investment officer. Mr de Mol van Otterloo manages the UK-domiciled Schroder World Mutual...

Appointments.(Cazenove Fund Management; Tim Russell, Chris Rice, Steve Cordell, Julie Dean and Wade Pollard )
September 9, 2002... Cazenove Fund Management has poached five UK and European fund managers from HSBC Asset Management. Tim Russell, Chris Rice, Steve Cordell, Julie Dean and Wade Pollard will join Cazenoves Pan-European investment team. The funds they managed all...

Diary.(Column)
September 9, 2002... Many a dip tween cup and lip Never mind the drip-feeding of information to journalists by canny fund houses. One of the Diarys colleagues has just encountered a new variant on the old business of media relations management. The journalist...

US markets are near their bottom Aegon; Aegon American fund manager Crichton predicts modest US growth in 2003.(Brief Article)
September 9, 2002... By Susan Butterworth THE US market is bottoming out, according to Elaine Crichton, manager of the American fund for Aegon Asset Management. Ms Crichton, whose fund has been described as a quasi-tracker by Hargreaves Lansdown, predicted...

Japan poised for recovery, says top sector manager.(Kerry Goh, manager of Govetts Japanese Opportunities fund)(Brief Article)
September 9, 2002... JAPAN should not be written off despite foreign investors continuing to withdraw money from the region. This is the view of Kerry Goh, manager of Govetts Japanese Opportunities fund, who said there were some positive signs in the Japanese...

Isa sales up on Q1, down on last year.(investment savings accts)(Brief Article)
September 9, 2002... SALES of investment trusts picked up in the second quarter of this year but remained substantially down on last year. The Association of Investment Trust Companies said sales of investment trust Isa funds totalled GBP36.9m in the second...

New Star high-yield fund is cautiously conservative.(Brief Article)
September 9, 2002... New Stars high-yield bond fund claims to be playing safe with a high proportion of low-risk bonds. The fund, which will be launched on 23 September, will initially have 45 per cent invested in investment grade bonds, compared to 55 per...

Manor Park launches three guaranteed funds; Manor Park offers funds which let investors select different levels of risk.(Brief Article)
September 9, 2002... By Simoney Girard MANOR Park, the Guernsey-based structured product specialist, has launched three guaranteed growth funds. The three-year Guaranteed UK Selected Growth fund, the five-year Guaranteed UK Capital Growth, and the...

Gallagher seeks value in firms with debt.(Keiran Gallagher, manager of LeggMason Investments)(Brief Article)
September 9, 2002... COMPANIES perceived to have short-term debt problems can be attractive buys, according to European fund manager Keiran Gallagher. Mr Gallagher, manager of the GBP13.6m LeggMason Investments European Growth fund, said: "We are looking around...

Fidelity, Schroder top survey of fund houses; Key fund buyers rate investment groups in Senate Investment Conference survey.(Brief Article)
September 9, 2002... By Susan Butterworth FIDELTY AND Schroder have been rated as the top two investment groups in a new survey. The findings were based on the 2002 Senate Retail Investment Survey of delegates at the Investment Adviser-sponsored Senate...

Merrill closes Managed Income, Growth funds.(MERRILL LYNCH Investment Managers)(Brief Article)
September 9, 2002... MERRILL LYNCH Investment Managers has closed two of its retail fund of funds. The GBP2.3m Managed Income fund and the GBP3.7m Merrill Lynch Managed Growth fund, both launched in 1984. The 600 investors in the two funds have been...

Martin Currie hedge funds beat the bourses.(Brief Article)
September 9, 2002... NIMBLE stock shorting helped bolster Martin Currie hedge funds during turbulent August markets. Its Japan Absolute Return fund, run by Michael Thomas and John-Paul Temperley, grew by 1.2 per cent compared with a 6.1 per cent slip by...

UK Select fund attracts GBP8.8m since July launch.(UBS GLOBAL Asset Management )(Brief Article)
September 9, 2002... UBS GLOBAL Asset Managements UK Select fund has attracted just GBP8.8m since launch in July. The fund has an overweight position in the software and computer services and media and photography. Paul Fairbrother, manager of the fund, said:...

City property market hit by falling equities; Fund managers expect City market slowdown to continue for 12 to 18 months.(Brief Article)
September 9, 2002... By Hayley Frain The City property market could be set to fall as a result of low demand, according to Standard Life Investments. The City market which many property funds, including Scottish Widows UK Balanced Property Investment Trust...

City on alert over terrorist attacks.(Brief Article)
September 9, 2002... THE Citys leading financial services firms are on high alert ahead of the anniversary of 11 September. Scotland Yard has briefed leading firms on security measures they should adopt for the anniversary of the terrorist attacks on the US....