Fund Features
IFA firm Thinc fined for subprime mis-selling
LONDON (Reuters) - A large firm of independent financial advisers, the Thinc Group, has been fined for not telling customers the risks of investing in subprime mortgages, the Financial Services Authority said on Thursday. Full Article
Funds sell best properties as investors flee
LONDON (Reuters) - British commercial property funds have sold some of their best assets to meet a surge in investor withdrawals as nervous buyers avoid lower quality real estate, evidence that prices may have further to fall. Full Article
Fuel to stay cheap for some, keeping oil expensive
BEIJING (Reuters) - China, India and other nations that subsidise cheap petrol and diesel may be even less willing to raise prices than they were six months ago, aiding crude's ascent toward $130 even as demand deteriorates elsewhere. Full Article
More Fund Features
Investec profits miss forecasts
LONDON (Reuters) - South African investment banking and asset management group Investec reported a 15 percent rise in full-year core profit on Thursday, but missed expectations because of U.S. writedowns. Full Article
More Fidelity funds reject genocide-linked proposal
BOSTON (Reuters) - Shareholders of six more Fidelity Investments funds rejected on Wednesday a proposal to halt investments in companies linked to genocide, bringing to 12 the number of funds to block the idea floated by activists. Full Article
Emerging markets buyout funds on course for record
LONDON (Reuters) - Investors continued to pour money into emerging markets private equity between January and April, raising $25 billion (13 billion pounds) and on course to top last year's total despite a downturn in developed markets, a report revealed. Full Article
Henderson Group on track to hit 2008 targets
LONDON (Reuters) - Fund manager Henderson Group still expects to hit its earnings and cost targets for the year and plans to increase its dividend payout ratio, it said on Thursday. Full Article
Banks have disclosed 80 percent of subprime losses
LONDON (Reuters) - Global banks have disclosed 80 percent of forecast losses on subprime mortgage-related assets, meaning further ratings actions due to losses on these instruments are likely to be "minimal," Fitch Ratings said on Wednesday. Full Article
Cautious optimism converts investors to convertibles
LONDON (Reuters) - A mood of cautious optimism tinged with nagging doubts about economic and credit risks is driving investors towards convertible bonds as a way of tapping into rising equities with a degree of protection. Full Article
Sleeping giant Brazil wakes, but could stumble
BRASILIA (Reuters) - From Wall Street to the World Trade Organization, Brazil is finally punching its weight with a booming economy and stronger global leadership but it remains burdened by a bloated state and daunting social problems. Full Article
| Symbol | Bid | Ask |
|---|---|---|
| BRENT CRUDE | $123.39 | $123.41 |
| MINI GOLD | $882.40 | $882.50 |
| MINI SILVER | $16.84 | $16.86 |
