The Isa season enters its final stage this week and while last- minute sales may pick up, so far 200...
The Isa season enters its final stage this week and while last- minute sales may pick up, so far 2001 has been a disappointment for many fund managers, with Autif reporting sales down some 25% on last year. Yet so far this year, fund groups have launched more than 60 products and are offering discounts to promote their existing range.
Up and coming launches:
l 18 April Hugh Priestley is to run the forthcoming Rathbones Global Titans unit trust.
l 30 April Royal & SunAlliance is to launch an aggressively-managed UK fund, the UK Prime Fund, with a concentrated portfolio of between 40 and 50 stocks.
l April SG Asset Management is to offer retail versions of US Institutional and Institutional UK Corporate Bond funds.
l May Lombard Odier is to offer a sector tranche of its sector and regional equity funds into the UK market. The group will add financials, greater China and life sciences to its portfolio.
Planned launches dates not yet specified:
l M&G is preparing a European technology fund for the second quarter.
l GAM is to launch a US retail fund later in the quarter, to be run by James Abate.
l Jupiter Asset Management is to bring out a unit trust investing in zero dividend preference shares.
l JO Hambro is to launch a UK Smaller Companies Oeic, to be run by Max King.
l Jupiter is looking to bring out a fund of funds and fund of hedge funds before the end of the first quarter.
l KBL Investment Funds is to offer a North American sub-fund this year in conjunction with US group Phoenix Investment Partners.
l Lindsell Train Asset Management intends to launch a global media content fund in the middle of this year.
l Royal & SunAlliance intends to bring out a series of funds with focused portfolios including International Prime, European Prime, and North American Prime funds.
Launches this quarter include:
l Old Mutual has relaunched its Worldwide fund as an actively-managed portfolio run by Fiona Hathorn.
l Artemis UK Special Situations unit trust, run by Derek Stuart.
l Hargreaves Boutique Trust, managed by Lee Guardhouse. The fund of funds invests in the portfolios of boutique investment firms.
l Williams de Broe is offering a split capital investment trust enabling investors to capitalise on the buy-to-let market.
l Sagitta Asset Management launched a healthcare fund this month with a bias towards biotechnology. The portfolio is managed by June Scott.
l The Liontrust Knowledge Economy Trust, managed by Anthony Cross.
l Henderson Global Investors launched a closed-end fund of hedge funds, to be run by John Husselbee. Hendersons has also launched three funds of funds: Independent International, Independent Balanced and Independent Distribution.
l Baring Asset Management launched its leading sectors fund, investing in technology, healthcare, financials, media and telecoms.
l Aberdeen European Champions, to be managed by Stephanie Gerrard.
l Lombard Odier Investment Management Services has introduced three high conviction equity funds for UK IFAs.
l Close Fund Management has brought out an ethical index tracker based on the FTSE's 4Good UK index.
l Norwich Union has added six socially responsible investment funds to its range.
l Artemis has launched its European Growth, to be run by Philip Wolstencroft.
l ABN Amro Fund Managers has launched UK Select Opportunities Fund, run by Nigel Thomas and James Cotton.
l Axa Global High Income. Range of aggressive managed equity funds: Axa UK Opportunities, Axa World Opportunities and Axa European Opportunities.
l Jupiter Global Green Investment Trust.
l M&G has launched its Global Financials, Global Basics and Global Media and Communications funds.
l BGI has launched four iShare funds which will track the latest indices by Bloomberg, including European technology, European telecoms and financials indices.
l Britannic Asset Management global sector funds. Technology, healthcare, financials and resources.
l Credit Suisse Asset Management Global Technology, Media and Telecoms fund.
l Edinburgh Fund Manager's Leveraged Income Trust. A rollover vehicle for the firm's New Tiger Trust, which is to be wound up soon.
l Gartmore Focus funds. American Focus, European Focus, UK Focus, Japan Focus and Global Focus.
l Aberdeen Asset Managers has launched two separate VCTs, the Aberdeen Growth VCTI and VCTII.
l NDF Administration has launched Extra Income and Growth Plan 6 that will track the Nikkei 225 index.
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