Struggle begins for future of trusts

Article Abstract:

Investment trusts have become increasingly unpopular in the City of London because their shares appear to trade at an even larger discount to net asset value as time goes on. The average discount for UK investment trusts is now 16%, from around 3% in 1994. This has prompted calls for radical action, a view shared by Association of Investment Trust Companies Director General Daniel Godfrey. The uncertain future of investment trusts has been clearly highlighted by controversy over the management of Electra Investment Trust.

Government regulation (cont), England, Management

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Foreign players sweep City Oscars

Article Abstract:

The winner of the 1998 Extel Survey of Investment Analysts was Merrill Lynch, which beat SBC Warburg Dillon Read, winner in 1997, by almost 20% of the votes. Third place was taken by BT Alex Brow, created in 1997 by Bankers Trust when it purchased the securities operation of NatWest Markets, while fourth place went to HSBC Securities. The survey highlighted the growing amount of research being undertaken in-house by fund managers, and also showed widespread dissatisfaction with the new SETS electronic dealing system.

Evaluation, MER, Merrill Lynch & Company Inc.

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Framlington in tip-top health thanks to Milford's good bedside manner

Article Abstract:

Healthcare stocks will act as a valuable defensive holding if there is a recession in the US, according to Antony Milford, manager of the Framlington Health Fund, which was the most successful fund of 2000. He believes that biotechnology stocks have lower risk than many other technology stocks.

United Kingdom, United States, Strategy & planning, Health Care, Health Care and Social Assistance, HEALTH SERVICES, Officials and employees, Health care industry, Medical care, Interview, Securities, Milford, Antony, Framlington Health Fund

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