gold

Ellen Kelleher

 
Take a look. TD Waterhouse has released the ranking of the most popular funds held in its investment ISAs:

* Blackrock AM UK Blackrock Gold & General Acc
* Invesco Perpetual Fund Mgrs Invesco Perp High Income Acc Nav
* Gartmore Fund Managers Gartmore China Opportunities Ret Acc
* Jupiter Unit Trust Mgrs Ltd Jupiter Emerging European Opportunities Acc
* JP Morgan AM UK Ltd JP Morgan Natural Resources A Acc Nav
* Aberdeen Unit Trust Managers Aberdeen Emerging Markets A Acc Nav
* Fidelity (FIL Investment Intl) Fidelity Special Situations
* Jupiter Unit Trust Mgrs Ltd Jupiter Financial Opportunities Inc
* Invesco Perpetual Fund Mgrs Invesco Perp Corporate Bond Acc Nav
* Invesco Perpetual Fund Mgrs Invesco Perp High Income

Here are the performance figures for these funds over 1, 3 and 5 years, according to Morningstar.

 Lump,  % Chg, Init £100.00,  Bid-Bid,  GBP,  Basic Rt Tx,  Unadj        
  12/03/2009   12/03/2007   11/03/2005  
  12/03/2010   12/03/2010   12/03/2010  
   % Chg    % Chg    % Chg  
             
Aberdeen Emerging Markets A Acc 91.05   72.12   194.9  
BlackRock Gold and General A Acc 41.41   72.28   187.12  
Fidelity Special Situations 60.58   4.85   50.08  
Gartmore China Opportunities R 66.44   61.98   178.81  
IP High Income Acc 31.81   -2.93   52.47  
IP High Income Inc 31.55   -3.08   52.26  
JPMorgan Natural Resources A Acc 105.09   37.87   136.71  
Jupiter Emerging European Opps 103.33   2.85   84.65  
Jupiter Financial Opportunities 27.67   27.61   84.57  
             

Lucy Warwick-Ching

The latest investment report from Kevin Gardiner, Barclays Wealth’s head of investment strategy, has just landed on my desk so thought I would share a few of the key topics:

He starts by setting out the case for equities:

Investors should stay overweight equities

Investors are understandably nervous in the wake of revived uncertainty regarding financial regulation, the pace of global monetary tightening and possible spillover effects from the Greek bond market, but we still feel that risk assets, particularly equities, likely offer the best returns in the months ahead. In our view, equities should be both an overweight in balanced portfolios and the first port of call for investors wishing to diversify away from cash.

Why equities?

1. The vigorous V shaped recovery in corporate profits with cost cutting being slowly augmented by resumed modest top line growth
2. Short-term interest rates are unlikely to start rising soon and investor liquidity remains high
3. Even after the rally prospective valuations look undemanding – partly because of the profits rebound but also because equities fell such a long way to begin with

Ellen Kelleher

A few weeks ago, I asked managers of natural resources funds  whether they were more keen on buying into mining shares or gold bullion. Mining shares, they said.

But with the weakening of the US dollar  and the price of the yellow metal hitting $1,140.85 a troy ounce,  their opinions have changed.

Lucy Warwick-Ching

As the price of gold reaches an all time high the UK has been experiencing a gold party craze, where guests swap jewellery for cash over a few drinks.We’ve even had the creation of a gold chocolate bar from Cadbury which recently made the “world’s most expensive chocolate bar” – a gold-leaf-covered special edition of its Wispa bar, priced at almost £100.

But now the situation has become slightly macabre.  Ounces2pounds, a company which helps people to host their own gold party, says it has received offers from the public to cash in on their gold teeth. At current prices, a single gold tooth can fetch as much as £500 depending on weight, size and caret.



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Lucy Warwick-Ching is the FT’s new Money Online Editor and has been a UK Companies reporter covering tobacco, pubs and leisure companies as well as the deputy editor on House and Home.

Matthew Vincent is the FT’s Personal Finance Editor and was previously the editor of Investors Chronicle, where he also devised the award-winning online video The Market Programme, and produced the BBC-FT standalone magazine ‘How to be Better Off’. He presents the weekly FT Money Show audio podcast, and previously worked on the BBC TV programmes Short Change and Pound for Pound.

Alice Ross is deputy personal finance editor of FT Money. She specialises in pensions, investments and investment trusts. Alice joined FT Money in April 2008 - prior to that she was deputy editor at Money Management magazine.

Ellen Kelleher has been a personal finance reporter in the UK for close to four years. Before arriving in London, she worked in the FT's New York bureau where she covered the insurance sector.

Steve Lodge is a personal finance reporter on FT Money specialising in savings.


Josephine Cumbo has written about all aspects of personal finance but currently specialises in insurance. She also covered company news for FT.com. Prior to working at the FT she was a news reporter for the ABC.

Tanya Powley is a personal finance reporter on FT Money specialising in mortgages and the housing market. Tanya joined FT Money in November 2009 after working in Australia covering personal finance for the Australian Financial Review and its sister magazine Asset. Prior to that, Tanya wrote about mortgages for UK trade newspaper Money Marketing.

Jonathan Eley is editor of Investors Chronicle, and has been with the title for ten years. Before that he worked for newswires and trade journals in London, New York and Hong Kong.

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