Tuesday, May 17, 2011

Allianz launch UK Absolute Return fund

Absolute return, Allianz Global Investors, Uk

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Allianz Global Investors has launched the UK Absolute Return Fund to be managed by RCM UK chief investment officer Jeremy Thomas.

The fund will aim to deliver returns greater than cash or bonds but with less volatility than equities.

Under Thomas, the fund will make stock selections based on a two-to-three year time horizon and be made up of a long and a market neutral portflio.

Thomas said, 'Sound stock selection will be the key driver of this Fund.  Our investment approach has three key pillars: Quality, Growth and Valuation.

'We believe that, taken together, they can produce consistent absolute returns over the economic cycle and through both up and down markets.'

The fund will carry a 3 per cent initial charge for individual savings account (ISA) investors or 4 per cent through a direct investment.

The new launch will also carry an annual management charge of 1.25 per cent and have a minimum investment of £500 (£1,000 through an ISA).

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Top ten trades: Thursday 28 April 2011 (until noon)

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Top ten trades
Thursday 28 April 2011 (until noon)
Source: TD Waterhouse

TD Waterhouse view:
'AIM-listed Toledo Mining is a new entry in 3rd position of our customer buys table this morning after the stock moved from last night’s close of 27.85 to 30.64 by midday today.

'Whitbread is another new entry in our customer buys table in 5th position after announcing a 20 per cent increase underlying pre-tax profit for Q1 but warned that recent like-for-like sales growth had slowed. That said, the hotel and restaurant group also unveiled plans to expand its Costa Coffee and Premiere Inn businesses over the next year, potentially creating 2,500 new jobs.'

1. Barclays, 21.7 per cent
2. Solo Oil, 16.4 per cent
3. Toledo Mining, 14.1 per cent
4. Lloyds Banking Group, 9 per cent
5. Whitbread, 7.9 per cent
6. Nighthawk Energy, 7.4 per cent
7. BP, 6.2 per cent

Reasons to Buy Gold Stocks For 2011

I always get a real kick out of hearing that "the consumer is 70 percent of the economy," mostly because it gives me a chance to heap ridicule and scorn on whoever said it, and I say that the consumer is 100 percent of the economy!