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APCIMS Private Investor Indices: New Assets, New Weightings!
12 June 2007
The FTSE-APCIMS Private Investor Indices will change on June 18th
to reflect the opportunities offered by hedge funds and commercial
property for private investors' portfolios.
David Bennett, Chief Executive of APCIMS, said:
"The indices are a key benchmark for private investors and
this is a timely change to better reflect what is happening in the
market place."
Mike Lenhoff, Chairman of the FTSE-APCIMS Private Investor Committee,
added:
"APCIMS launched three private investor indices back in February
1997 - a growth index, an income index and a balanced index. These
changes will introduce hedge funds and UK commercial property to
the growth index and the balanced index. UK commercial property
will be included in the income index though hedge funds will not."
For private clients and their portfolio managers these changes
to the indices will help them manage investment and risk.
Background
Briefing Article
Ends
About the Private Investor Indices:
In February 1997, APCIMS launched three Private Investor Indices
back - a Growth index, an Income index and a Balanced Index. The
intention in creating these indices was twofold: it was first, to
introduce a structure for a portfolio of cash, bonds and equities
judged to be consistent with achieving growth, income or a combination
of the two, and second, to feed this back to the users - the private
client stockbrokers, investment managers and their clients - in
a way that would be both simple and relevant to their needs.
As with any index, the APCIMS indices enable measurement - performance
measurement. It has the ability to see whether the returns on portfolios
conform, more or less, to clients' objectives, be they growth, income
or a combination of the two. The indices can be used as a starting
point for a discussion on how to pursue or fulfil a client's expectation
for growth, income or some combination of the two.
Since inception, no change of substance has taken place in the
indices. Sterling cash, UK government bonds (conventional gilts)
and UK and overseas equities have remained the asset classes used
in constructing the indices.
Notes to the editor:
APCIMS
APCIMS, the Association of Private Client Investment Managers and
Stockbrokers, represents the interests of the vast majority of private
client stockbrokers and wealth managers in the UK, and through them
more than 10 million individual shareholders.
For further information call:
Mike Lenhoff, Chief Strategist, Brewin Dolphin Securities
Ltd
Tel: 0845 213 3360- Email mike.lenhoff@brewin.co.uk
Jason Baxter, Head of Investment and Member Services.
Tel: 020 7247 7080- Email: jasonb@apcims.co.uk
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