By Jenne Mannion Merrill Lynch is offering a 2% discount on lump sum investments into its UK Dynami...
By Jenne Mannion Merrill Lynch is offering a 2% discount on lump sum investments into its UK Dynamic Fund. The fund, which launches on 31 October, is to focus on the pharmaceuticals and health sectors and will have an initial underweight position in telecoms and information technology hardware. Peter Davies, manager and member of the UK specialist team, said telecoms pricing is under pressure due to too much capacity in the industry, therefore he is underweight in this sector. Meanwhile, he anticipates the advent of genomics will lead to added Government spending in the healthcare and...
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