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Whitechurch In The PressWhitechurch Securities Ltd has an enviable reputation with the personal financial editors of all the quality newspapers and specialist financial journals who regularly contact the Whitechurch Investment Team for information upon a wide range of products and services. Listed below are just a few recent comments showing the relationship and rapport we have built with the financial press over the years . The Sunday TelegraphFebruary 28,2010 Article talking about split-cap trusts: Gavin Haynes, the managing director of Whitechurch Securities, said splits can add “diversification” to a more sophisticated portfolio. “They are a sound concept when they follow a simple structure and invest in a plain vanilla portfolio.” The Mail on SundayFebruary 7, 2010 Ben Willis, head of research at financial adviser Whitechurch Securities in Bristol, says: ‘We are big advocates of the long-term investment potential of China. It will become the globe’s financial superpower in the next ten to 20 years.’ The Mail on SundayJanuary 10,2010 Article on active versus passive fund management: Taking the example of the UK stock market, Willis says: ‘If you hold the whole FTSE All-Share index in a passive fund, you will inevitably end up holding casualties as some companies suffer through the downturn… Ultimately, our clients are paying us for an informed opinion on what to buy, when to sell and which managers they should avoid altogether.’ The TelegraphDecember 26, 2009 Discussing views on the New Year and favourite sectors for 2010: Gavin Haynes, Managing Director of Whitechurch Securities…Top Sector: Infrastructure “High Barriers to entry, healthy yields, sustainable growth and predictable cash flows of infrastructure projects make them attractive to investors in the current difficult economic climate.” The Daily TelegraphNovember 29, 2009 Article on long-term investing in Emerging Markets: Ben Willis, head of research at financial adviser Whitechurch Securities, said he was still looking at emerging markets for the long-term story, ‘particularly in the case of China s a global superpower’... As a long-term prospect, he said his experience was investors were comfortable to participate via their pension funds. The Daily TelegraphNovember 21, 2009 Article on outlook for stockmarkets in 2010: Gavin Haynes, of Whitechurch IFAs, predicted low returns on deposits would continue to drive shares prices higher, but forecast more attention will be paid to larger companies: He said: ‘If interest rates are going to remain low I believe that dividend-producing equities will be enticing on a risk adjusted basis... ‘In the UK I would buy Artemis Income for a solid choice, while I believe that the equity income theme is equally attractive in international markets.’ The TimesNovember 28, 2009 Your need-to-know financial guide feature – Investors best buys: Expert’s pick, Artemis Strategic Assets Fund: Ben Willis, of Whitechurch Securities, says: ‘This fund makes use of new rules that gives managers greater flexibility in where they can invest. In William Littlewood, Artemis has the ideal person to use this flexibility to best effect.’ The TimesOctober 10, 2009 Article on Emerging Market equities: Ben Willis, of Whitechurch Securities, the independent financial adviser (IFA), says that his company is generally in favour of greater exposure to emerging markets, but he acknowledges that not everyone has the stomach for them. He says: ‘If you are not prepared for a rollercoaster ride, you are better off not climbing on board in the first place.’ The ObserverSeptember 20, 2009 Article on dividend income: Investing in a range of such companies over cash or government bonds “more than justifies the risk premium” considering the attractive dividends on offer, says Gavin Haynes, investment director at Whitechurch Securities. The Mail on SundaySeptember 6, 2009 Article on investing for income (gilts and corporate bonds section): Ben Willis of wealth manager of Whitechurch Securities in Bristol says: ‘There is still a lot of mileage in the bond market. Of course, there are risks but if your predominant aim is income, there are good opportunities’. The TimesAugust 22, 2009 Your need-to-know financial guide feature – Investors best buys: Expert’s pick, Neptune Japan Opportunities Fund: Ben Willis, of Whitechurch Securities, says: ‘Chris Taylor, the manager, is not afraid to take big bets on the market. Last year he made money by selling the market short. This year he is very bullish as Japan emerges from recession.’ The Mail on SundayAugust 16, 2009 Article on Emerging Markets: Ben Willis, head of research at wealth manager Whitechurch Securities in Bristol, said: ‘There has been a definite reappraisal of emerging markets in the past six months, partly because the outlook for the Western world is so bleak... We are now saying that an investor in their 30s or 40s who is looking long term could have up to 40 per cent of their money in emerging markets. Even someone in their 60s might want to have up to 20 per cent in emerging markets, depending on their attitude to risk.’ The GuardianAugust 1, 2009 Article on which UK Equity Income funds key advisers currently recommend: ...other star performers worth considering are Artemis Income, and Schroder Income, according to Gavin Haynes, investment director at Whitechurch Securities.’ The TimesJuly 25, 2009 Your need-to-know financial guide feature – Investors best buys: Expert’s pick, Legg Mason US Equity Fund: Ben Willis, of Whitechurch Securities, says: ‘Bill Miller’s fund has had a disastrous couple of years, but any recovery in US stock markets should result in this fund rebounding strongly. However, it is not for the faint-hearted.’ The Mail on SundayJune 28, 2009 Fund Focus – Rensburg UK Managers Trust: Ben Willis, head of research at financial adviser Whitechurch Securities in Bristol, recommends the fund. ‘We like the approach where they are not stuck to following a benchmark or sector.’ The Daily TelegraphJune 20, 2009 Article on residential property: Gavin Haynes, managing director of independent financial adviser, Whitechurch Securities, said, ‘The correction in house prices is a fall from what were bubble valuations, and it is possible the economy could contract further. Even if there is a short-term recovery, a rise in interest rates could put the brakes on any recovery in the housing market.’ The Sunday TelegraphApril 28, 2009 Article by biotech investing, by Ben Seager-Scott, Whitechurch Securities: Not many people know that investors willing to accept high risks have enjoyed healthy returns from biotechnology funds during the last year, despite sickly share prices elsewhere… The biotechnology sector's weak correlation with the broader equity markets arises because drug industry revenue is relatively insulated from the effects of consumer sentiment – most patients must continue to take the same amount of medication regardless of economic conditions. You don't get any choice in when you fall sick. The Financial TimesApril 23, 2009 Article on the ‘demise of the DIY investor’ due to the turmoil in the financial market: Gavin Haynes, investment director at the independent financial adviser, Whitechurch Securities, says he is experiencing the trend first-hand as more investors seek advice in the present climate... ‘Unsurprisingly, there has not been a huge raft of new money coming in, but we are seeing investors who in previous climates were happy to buy funds off the shelves are now happy to have their portfolio put together professionally. ‘ The Mail on SundayApril 19, 2009 Article on Global Equity Income funds: Ben Willis of adviser Whitechurch Securities in Bristol says: The number of UK companies that pay good dividends is shrinking. Banks are now out of bounds, while other dividend payers have been taken over or gone bust. There is potential in looking overseas for some dividend returns...’ The TimesApril4, 2009 Your need to know financial guide feature – Investors best buys: Expert’s pick, Schroder Strategic Bond Fund: Ben Willis, of Whitechurch Securities, says: ‘This is a global ‘best ideas’ bond fund, which allows Nick Gartside, the manager to roam the markets for the most attractive investments. Mr Gartside has proved to be a very talented operator.’ The Sunday TelegraphMarch 29, 2009 Article on where you should be positioning your portfolio in light of the current economic environment. Gavin Haynes, the managing director of Whitechurch Securities, said: ‘Deflationary concerns have pushed gilt prices up and yields have fallen to historically low levels. So unless you think we are entering a long-tern deflationary environment, then they are starting to look expensive.’ The ObserverMar 22, 2009 Article on the recent poor performance of sustainable energy funds: Gavin Haynes, investment director at independent financial adviser Whitechurch. ‘It’s time to start searching through the wreckage for value...’’ The Sunday TelegraphMarch 8, 2009 Front page article on suggesting 10 options for investors looking to make the most of their funds. Gavin Haynes of Whitechurch Securities said: ‘Capital appreciation can occur as interet rates fall; however, the reverse is also true: if rates rise then capital losses may well be sustained.’ The TimesMarch 7, 2009 Article on commercial property, Gavin Haynes, Managing Director at Whitechurch, comments on the M&G Property Portfolio fund: ‘It is managed by a strong team, backed by the resources of Prudential, M&G’s parent company and one of the biggest players in the commercial property market’... ‘The portfolio itself consists of about 60 properties, spread across the UK and includes a mixture of retail, office, and industrial space, making it very well diversified...’ The Sunday ExpressFebruary 22, 2009 Article on recent financial strength concerns about Legal & General: Ben Willis at adviser Whitechurch Securities said: ‘There is nothing to panic about if you have money with L&G. It has confirmed the capital requirements that will cover any problems. Avoid knee-jerk reaction like withdrawing cash... ‘L&G shareholders have seen a significant fall in the value of their holdings as insurers are dragged into the gloom surrounding the banking industry. That’s the risk of holding equity.’ The ObserverJanuary 25, 2009 Gavin Haynes comments on property funds closed for new investments: ‘... if you do need the money submit your surrender request as soon as possible’... ‘A number of the leading companies such as Legal & General and Skandia still have open funds.’ The Financial TimesJanuary 10, 2009 Article on commercial property funds: ‘Instead of cutting their losses, current investors should sit tight and take a medium to long-term view as we believe there will be a turnaround in the next 12 to 18 months,’ says Gavin Haynes, investment manager with Whitechurch Securities, the financial advisers. The Mail on SundayJanuary 4, 2009 Ben Willis of Bristol-based financial adviser Whitechurch Securities describes JPMorgan Cautious Total Return as a ‘resilient’ fund that has served investors well in defending their portfolios against sharp falls. ‘Funds such as this have a role to play in a well-balanced portfolio,’ he says. ‘But just as they limit the downside, they will be left behind in any market rally.’ The Sunday TimesJanuary 4, 2009 Article titled Twenty tips to make money in 2008: ’...Many investment professionals are recommending corporate-bond funds this year, with Ben Willis of Whitechurch Securities calling them ‘one of the most exciting investment areas at present’... Willis said: ‘The Japanese stock market has been falling for the past three-and-a-half years and is much cheaper than other developed markets on many pricing pressures’... Some advisers believe that the fallout in Russian stocks now offer some buying opportunities. Willis said: ‘We believe some commodity-rich areas like Russia are trading on bargain-basement valuations.’ The Sunday TelegraphDecember 14, 2008 ‘What the experts are buying’ feature: Ben Willis, head of research at Whitechurch Securities says: ‘The Cazenove UK Absolute Target’s objective is to achieve greater returns than the interest rates being offered on cash deposit accounts with significantly less volatility than the equity market. The fund is targeting 10pc per annum, net of fees...’ The Mail on SundayDecember 14, 2008 Article on income producing areas for income seekers: Gavin Haynes of investment adviser Whitechurch Securities in Bristol says: ‘Corporate bonds are paying an excellent rate. They are priced on a disaster scenario that reflects a near-complete meltdown of the economy. We don’t feel that will happen.’ The Daily MailNovember 5, 2008 Feature on ways to protect your income. Gavin Haynes comments on gilt funds: ‘This is a better bet for first-time investors [rather than buying directly from the Debt Management Office],‘ says Gavin Haynes, from Whitechurch Securities. These funds invest in a range of gilts with different maturity dates and income levels.’ The Daily TelegraphNovember 1 , 2008 Double page article examining alternative income sources to bank/building society accounts in light of interest rate cuts. Featured client case study and investment table both supplied by Whitechurch, as well as quotes from Gavin Haynes: ‘While cash remians attractive for the time being, it is widely thought that interest rates will come down dramatically – possibly by as much as 1.5pc over the enxt 12 months. That would be a large drop in income for people investing for income.’ The Sunday TelegraphNovember 9, 2008 ‘What the experts are buying’ feature: Ben Willis, head of research at Whitechurch Securities says: ‘The M&G Strategic Corporate Bond fund, managed by Richard Woolnough, invests in investment-grade bonds but can hold up to 20 per cent in high-yield bonds. Recent performance has been strong as Woolnough has avoided financial sector bonds...’ The Sunday ExpressOctober 5, 2008 Centre spread Mystery Shopper feature whereby the Sunday Express called 5 Advisory firms posing as a potential client and rated the companies accordingly. Whitechurch Securities were the best of the companies contact, earning a 9/10 rating. Overall comments from the Sunday Express were: ‘It was hard to fault this adviser and the service he was prepared to offer. He was on the ball, clued-up about what is going on in this industry. He also came over as kind, polite, helpful and genuine. We would have arranged a meeting with him.’ The Mail on SundaySeptember 21 2008 Fund focus on Edinburgh Investment Trust, which has just appointed Neil Woodford of Invesco Perpetual as manager. Ben Willis, head of research at financial adviser Whitechurch Securities in Bristol, says: ‘Woodford’s experience is second to none. By nature he is quite contrarian and bearish. In the current climate that approach might be welcomed by investors (in the trust).’ The Mail on SundaySeptember 7 2008 Fund focus on HG Capital Trust, which invests in Private Equity. Ben Willis, head of research at financial adviser Whitechurch Securities in Bristol, says: ‘The trust’s performance over the medium to longer-term has been strong. It has no borrowings and an international outlook...’ The Daily TelegraphSeptember 6 2008 Article on high yield bond funds: Gavin Haynes, investment director at Whitechurch Securities, said: ‘With a very negative climate already priced in, improving sentiment on recovery prospects will see income-hungry investors taking advantage of the exceptional value in this area over the next two years... In addition to the high income stream, a recovery in the economy will lead to a rise in the capital value of bonds. This means investors could get capital gains similar to those they can receive from investing in shares. However, if the economy deteriorates further, the income paid acts as a cushion against further falls.’ The Mail on SundayAugust 24 2008 Boutique investment houses come in all shapes and sizes, but they have characteristics that increasingly endear them to both corporate and private investors. ‘A key incentive to invest in a boutique-run fund is that the manager will have a vested interest in its success,’ says Gavin Haynes, managing director of Whitechurch Securities in Bristol. The Daily TelegraphAugust 23 2008 Article on fund selection: Gavin Haynes, the investment director at Whitechurch Securities, said: ‘Fund managers best-placed to benefit from potential takeovers tend to be those following a contrarian approach, which in simple terms means taking a view that is opposite to the vast majority of investors. This will result in buying investment areas that are out of favour’... Haynes said it is not as simple as buying into an investment just because it is being avoided by the market – there may be good reason for this. He said: ‘A good contrarian investor needs to ascertain why the market is overlooking the out-of-favour areas and why they are mispriced. Also, what may be the catalyst to turn these areas and see a re-rating...’ The Daily TelegraphJuly 26 2008 Fifth instalment of the serial feature regarding Discretionary Management Services, which includes Whitechurch Securities on panel: Gavin Haynes, investment director at Whitechurch Securities, explained: Governments of developed countries have been under investing in essential infrastructure for decades. With public finances unable to pay for the huge increase in demand, the private sector will be in a position to exploit this area. In addition, there is potential to exploit the huge growth in infrastructure spending from emerging economies. The investment class has the potential to deliver a combination of stable income and steady non-cyclical growth.’ The Sunday TelegraphJuly 13 2008 Gavin Haynes, investment director at advisory group Whitechurch says (about the UK Commercial Property sector): ‘The sector has had a number of significant headwinds. Supply still exceeds demand and there is still a lot of investment property on the market as property funds have been forced to sell off property to meet redemptions. Although I don’t think we are facing significant losses, demand will continue to be patchy.’ The Mail on SundayJuly 13 2008 Gavin Haynes, managing director of financial adviser Whitechurch Securities in Bristol, says the fund (BlackRock UK Absolute Alpha) has proved a solid, defensive trust... Haynes also warns investors to tread carefully. ‘Absolute return is a catch-all phrase and it is important to look under the bonnet of these funds before investing in them,’ he says: ‘Key factors to consider are the manager’s experience, under what conditions the fund will outperform and underperform and the financial instruments being used...’ The Mail on SundayJuly 13 2008 Ben Willis of financial adviser Whitechurch Securities in Bristol is a fan of the fund (Invesco Perpetual Latin America fund): ‘A theme running through the it is growing domestic demand, with exposure to consumer and financial sectors.’ The Daily TelegraphJuly 12 2006 Article on protecting your finances: ‘Build up your savings to give yourself a financial cushion,’ says, Gavin Haynes, the investment director at Whitechurch Securities. As a minimum aim to have a cash reserve equivalent to three months’ salary.’ The Mail on SundayJuly 6 2008 Article on Structured Products linked to Property: Ben Willis, head of research at independent adviser Whitechurch Securities in Bristol, says: ‘inflation is rearing its head again and if you get back only your original investment at the end of five or six years, you’ve lost money in real terms... ‘Savers contemplating getting out (cashing- their investment in early) should contact their plan provider and see waht the charges will be, but the security of original capital usually comes at a steep cost.’ The Financial TimesJune 17 2008 Article on the increase in investment in money market funds recently: ‘Because of the stock market volatility we’ve experienced, people who want to remain invested are moving into money market funds, ‘ says Ben Willis, head of research at the Bristol-based adviser, Whitechurch Securities. ‘They’re just waiting until the markets sort themselves out before moving back in. ‘ The Sunday TelegraphJune 8 2008 Ben Willis, of Whitechurch (on risk-averse investors and investing in stockmarkets), also suggests ‘… leaving a large percentage of savings on deposit and investing the rest in a cautious managed or multi-asset fund.’ The Daily TelegraphJune 7 2008 Fourth instalment of the serial feature regarding Discretionary Management Services, which includes Whitechurch Securities on panel: Another manager who has increased exposure to Japan (within discretionary portfolios) is Whitechurch. Gavin Haynes noted: ‘We have met with several Japanese fund managers recently who have turned very bullish about their own market. GDP forecasts for 2008 are being revised upward and a lot of bad news has already been discounted. We believe the recent recovery will continue as momentum gathers.’ Elsewhere, Whitechurch has been changing its specialist plays, reducing its exposure to gold and reinvesting the money in, among others, the Jupiter Financial Opportunities fund. Mr Haynes explained: ‘The sell-off among banks and other financial companies has appeared to be largely indiscriminate. While there will continue to be losers from the credit crisis, I believe that the contagion has spread to good-quality areas of the sector that now provide some excellent recovery potential. We have chosen the Jupiter Financial Opportunities fund because it is managed by the highly regarded Phil Gibb, who invests in a concentrated portfolio – around 50 holdings – of financial related companies. ‘ The Independent17 May 2008 Gavin Haynes of Whitechurch Securities, the Bristol-based financial advisers, says that while investment trust boards used to be relatively passive, they now tend to do a good job for investors. ‘Until recently, you could question how active the boards really were,’ he says, ‘But today, you’re seeing fund managers having their mandates taken away by the board fro underperformance.’ The Mail on SundayMay 11 2008 Ben Willis, head of research at adviser Whitechurch Securities in Bristol, says (on cash or money market funds): ‘You will see investors switching money into a cash fund for a short while if they feel markets are heading downwards. Then after a month or two, the money will go back into equities, waiting for the next upswing… Over the longer term, you should be getting a marginally better return (from your cash or money market fund) than from a typical High Street deposit account.’ The Mail on SundayMay 4 2008 Ben Willis, head of research at adviser Whitechurch Securities in Bristol, says (on the increasing fees being added to investment funds): ‘In the longer run, higher charges will be a bigger drag on the growth of your savings. The higher the fee, the more income or growth you need from an investment just to stand still.’You will see investors switching money into a cash fund for a short while if they feel markets are heading downwards. Then after a month or two, the money will go back into equities, waiting for the next upswing… Over the longer term, you should be getting a marginally better return( from your cash fund) than from a typical High Street deposit account. The Daily Telegraph19 April 2008 Gavin Haynes, managing director of Whitechurch Securities, is also positive (on the outlook for corporate bonds): ‘While it has paid over the past year to invest in the high-quality lowest risk end of the sector, we believe that it may pay to take on a bit more risk in future… (regarding financial sector corporate bonds) The main divide is on financials such as banks. Some managers think there is a great deal of value in this sector in particular because they believe it has been marked down too hard. Others are cautious believing the risks are still too great at this stage.’ The Daily Telegraph12 April 2008 Third instalment of a serial feature regarding Discretionary Management Services, which includes Whitechurch Securities on panel: So how do our discretionary portfolio managers try to minimise the downside for cautious investors – and can it be achieved without some element of risk? Gavin Haynes, investment directors at Whitechurch, is doubtful. He explained: ‘For investors who are ultra-cautious, we would provide a managed portfolio for the medium to long term. Clients not prepared to take on any risk would be advised to focus on cash and spreading deposits through the most secure financial institutions – with a maximum of £35,000 in each to qualify for the Financial Services Compensation Scheme.’ The Mail on Sunday16 March 2008 Gavin Haynes, managing director of Whitechurch Securities in Bristol says: ‘Despite the huge financial and investment resources at their disposal. Most large insurance companies have failed to produce good quality retail investments… However, Standard Life is the exception to the rule. It’s got some attractive funds in its stable such as UK Equity High Income and UK Smaller Companies…These are funds that the other insurers should be trying to emulate.’ The Daily Telegraph23 February 2008 Second instalment of a serial feature regarding Discretionary Management Services, which includes Whitechurch Securities on panel: Gavin Haynes, the investment director at Whitechurch, explained: “Tinkering with a portfolio and taking short-term positions is unwise. It is better to buy and hold investments, and only make switches when it is absolutely necessary. While it has been very tempting to run for cover and go defensive following the noise generated by volatile markets, it is our belief that no one has ever made money consistently by timing markets – you may get lucky once or twice, but market timing is akin to gambling, and not investing.” The Mail on Sunday24 February 2008 “(Bill) Mott is an excellent fund manager and we have been increasing our clients’ exposure to Psigma Income in recent months. Like him, we believe that the banks offer strong recovery potential… says Gavin Haynes, managing director, Whitechurch Securities, Bristol. The Mail on Sunday16 February 2008 Gavin Haynes, managing director of Whitechurch Securities in Bristol says: “despite the huge financial and investment research resources at their disposal, most large insurance companies have failed to produce good quality retail investment products. However, Standard Life is the exception to the rule. It’s got some attractive funds in its stable such as UK Equity High Income and UK Smaller Companies. These are funds that the other insurers should be trying to emulate.” The Mail on Sunday10 February 2008 Gavin Haynes, of financial adviser Whitechurch Securities in Bristol, is also a supporter (of Jupiter Income Trust’s Anthony Nutt). “He remains one of the UK’s best fund managers,” says Haynes. “You know his portfolio will focus on high-quality companies, often with an emphasis on defensive areas to meet the fund’s income requirement. He’s as sound a UK fund manager as you will find.” The Independent on Sunday3 Februaury 2008 Gavin Haynes, investment director at independent financial adviser Whitechurch Securities, explains how monthly savings can counteract the effects of market volatility: “If you invest a lump sum and there is a sharp price drop straight afterwards, it can be quite painful. It makes perfect sense to drip-feed (through a regular savings scheme), particularly in riskier areas such as emerging markets.” The Financial Times2 February 2008 Gavin Haynes, investment director at Whitechurch Securities, says Peits (private equity investment trusts) add another level of diversification to the conventional equity, bonds and cash in a portfolio and that they seemed to show low correlation to direct equity. The Mail on Sunday27 January 2008 AXA Framlington is described by Gavin Haynes of Whitechurch Securities in Bristol as an investment house ‘possessing and eclectic mix of talented fund managers’. The heartbeat of the group, says Haynes, is the UK equities team, with the three funds managed by (Nigel) Thomas and (George) Luckraft very much the flagship funds. The Daily Telegraph26 January 2008 Gavin Haynes, manager director of Whitechurch Securities, said a cautious investor should look to Invesco Perpetual Distribution. He said: “This fund aims to achieve a balance of income and capital growth through a diversified portfolio of UK equity and fixed interest securities. The fund will aim to invest a minimum of 60pc in bonds and 40pc in equities.” The Mail on Sunday20 January 2008 Gavin Haynes, Whitechurch Securities: “He’s a guru of equity income investing (Neil Woodford, Invesco Perpetual). He takes a very top-down view of macro economic themes to dictate how he invests. It often means the composition of his fund is significantly different to that of the market. His naturally cautious approach means that investment risk is carefully controlled and he is one of my favourite managers to be looking after money when stock markets are falling.” The Daily Telegraph19 January 2008 First instalment of a serial feature regarding Discretionary Management Services, which includes Whitechurch Securities on panel: Gavin Haynes, of the independent financial adviser Whitechurch, said: “While our system may seem less flexible we believe it will result in better portfolios over the long-term. We will only hold funds that complement each other and work together to fit in with our asset allocation model.” The Mail on Sunday13 January 2008 Ben Willis, head of research at financial adviser Whitechurch Securities in Bristol who compiled the figures for Financial Mail (on tracker funds and their performance), says: Over time initial charges and annual management fees will eat away returns and it is only to be expected that trackers will lag some way behind the index… The biggest downside (to tracker funds) is that you are a hostage to fortune. If the market falls in value, then your investment will fall in value. An active fund manager can take steps to lessen or avoid falls.” The Daily Telegraph12 January 2008 Gavin Haynes, managing director of Whitechurch Securities, said (on emerging markets): “With economic growth in the established economies likely to remain sluggish, this century will be characterised by the transformation of some of the emerging economies into major global economic forces.” The Sunday Telegraph6 January 2008 Ben Willis (commenting on oil and gold funds) of independent financial adviser Whitechurch Securities, notes: “The demand for oil will continue to outstrip supply, supporting a trend of rising oil prices. Our outlook for gold is bullish too. Gold is a good hedge against inflation…Gold I also used as a hedge against the dollar – generally, a weakening dollar means a rise in gold prices.” The Daily Telegraph20 December 2007 Experts give us their top predictions – corporate bonds: Ben Willis, Whitechurch Securities says “It has been another difficult year to make money in bond markets in 2007. However, looking ahead, corporate bonds are beginning to look reasonable value as the shakeout in the asset class has seen areas of the bond market looking as cheap as it has done for several years.” The Mail on Sunday16 December 2007 Among admirers of these funds (Cautious Managed Funds) is Ben Willis of Bristol-based financial adviser Whitechurch Securities. “We see them as an investment for risk-averse people who do not have a significant amount to invest but want the potential to beat deposit account returns,” he says. “By providing balanced exposure to various asset classes, they offer the potential of a rising income and long term capital growth.” The Sunday TelegraphNovember 18, 2007 “It shouldn’t be a case of do I go for an investment trust or a unit trust. Both have a place in a portfolio, but there are specialist areas that you can get into with investment trusts, such as splits,” says Gavin Haynes of Whitechurch Securities. The Daily TelegraphOctober 6, 2007 There are a growing number of funds tapping into the income story either globally and/or regionally, as Ben Willis reports. We have witnessed a number of high profile new launches in the last couple of years for funds looking for yields in Europe, Asia, Japan etc… The IndependentAugust 31, 2007 “These products (guaranteed
stockmarket bonds) are also
inflexible,” says Gavin Haynes of Whitechurch Securities. “You’re
tied in for a fixed period, and
there can be harsh penalties if you The Financial TimesJuly 28, 2007 Overall performance aside,
says Gavin Haynes, investment
director at WhitechurchSecurities, the main reason
to invest in the (equity income)
sector is the potential for income
multiplication. For example, he
says, if you start off with an
income of 3.2% per cent per
year and assume that it grows The Mail on SundayJuly 22, 2007 Ben Willis, head of research at Whitechurch Securities in Bristol says, ‘The performance really has been poor. The (Abbey National) UK Growth fund has missed its market benchmarks and underperformed its peers. The Mail on SundayApril 8, 2007 Ben Willis, head of research
with Whitechurch Securities in
Bristol, says: ‘Many Isa savers
have a goal, but you don’t need
a clear reason to save. If you can
find some surplus income and The Daily TelegraphMarch 3, 2007 It can be profitable to invest in out of-
favour funds, as Gavin Haynes reports. There is always a lot of The Mail on SundayMarch 4, 2007 ‘Regular savings can provide access to the stock market, with modest amounts of money,’ says Gavin Haynes of Whitechurch Securities in Bristol. ‘It also acts a s a disciplined way of long-term investment, ironing out the problem of any short term volatility in the stock markets.’ The TimesMarch 3, 2007 Ben Willis, of Whitechurch Securities, also likes New Star Property, as well as Norwich Property Trust. ‘Both are large funds and we prefer bricks and mortar to shares,’ he says. He is not keen on SWIP Europe Real Estate or the JP Morgan fund, saying: ‘The first invests in property shares, the latter is an unknown player here.’ The Daily TelegraphMarch 3, 2007 Fishing from the bottom up: It can be profitable to invest in out-of-favour funds, as Gavin Haynes reports – quarter page article written by Gavin Haynes, Managing Director of Whitechurch Securities for the Daily Telegraph Money section. The above press comment is to illustrate our relationship with some of the national newspapers and the full articles are available on request - please contact us. |
