Premier Asset Management has renamed its Absolute Growth fund and switched its IMA sector classification to more adequately reflect the fund's new investment remit.
Ongoing market aversion to the asset class means certain zero dividend preference shares can be seen as good investments associated with acceptable levels of risk and attractive yields, says Peter Hewitt.
The FSA has fined Hargreaves Lansdown £300,000 for failing to notify investors in its Secure Growth Portfolio between 1992 to 2002 about changes to the levels of risk attached to underlying investments held through the service.