New funds for old

Article Abstract:

Split capital trusts have a given lifespan and investors could be given cash when this lifespan ends, but they could have to pay capital gains tax. Fund managers also do not want to lose custom, so managers may set up new trusts to bid for the old trust. This avoids the danger of waiting until the end of the trust's life when market conditions could have worsened. There is also the roll-over option when investors who have takenno action can be transferred to other schemes.

Analysis

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There for the bad times as well as the good

Article Abstract:

Micropal has carried out a survey of UK unit trusts, examining control of risks as well as ability to achieve a profit. The five fund managers with the best performance are Provident Mutual, Cazenove, Credit Suisse, Albert E. Sharp and Lazard. Past performance is no guarantee of a good future performance as is shown by the case of the European Growth trust from Morgan Grenfell. Some risks are not evident from assessing the volatility of funds and their returns.

Management, Mutual funds

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Smaller funds exceed larger rivals

Article Abstract:

The performance of British fund managers is survyed, with smaller funds tending to be top performers.

Surveys

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