10th September 2008
Thames River Multi-Manager Conference Call
Walking through Cold Treacle - That’s exactly how it feels investing in the market right now.
Little is known about the severity of the ensuing global recession, its duration and depth and therefore just what companies can earn into these headwinds.
Add on the continuing uncertainty over when a line can be placed under financial companies’ bottom lines (our best guess is we are about half way through the write-offs)... so how long do bear markets last we hear many asking?
Looking over the last seven previous bear markets, on average share prices have declined nearer 30% and the downdraft has lasted for around 14 months...
Pooled Bonds - Offshore Life Companies
AXA Isle of Man, Canada Life International, Clerical Medical International, Friends Provident International, Prudential International, Royal Skandia, Scottish Equitable International, Scottish Life International.
Wrap
Standard Life, Seven Investment Management, James Hay, Ascentric, Nucleus, Lifetime.
SIPPs
James Hay, SIPP Centre.
Onshore Life Companies
Skandia, Friends Provident, Scottish Widows, Legal & General.
Funds Network, CoFunds, Transact, Funds Direct, Hargreaves Lansdown Vantage, Standard Life Fund Zone, Selestia Investment Solutions.
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