Printer Friendly
The Free Library
19,604,530 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Diversify Cash Investments, Fund Manager Advises.


Too many captive insurance Captive insurance companies are limited purpose insurance companies established with the specific objective of financing risks emanating from their parent group or groups, they sometimes also insure risks of the parent company's customers.  companies invest purely in cash, a fund manager said.

Ed Britton Britton may refer to:
  • Britton, South Dakota
  • Britton, Michigan
People:
  • Adam Britton, British herpetologist.
  • Brent Britton, American lawyer.
  • Connie Britton, American actress.
  • Elizabeth Gertrude Britton, American botanist.
, fixed-interest fund manager at Newton Investment Management Ltd., cited the 848% growth in the Nasdaq index in 1999; the 24.2% rise in the London Stock Exchange's FTSE FTSE

A company that specializes in index calculation. Although not part of a stock exchange, co-owners include the London Stock Exchange and the Financial Times.

Notes:
The FTSE is similar to Standard & Poor's in the United States.
 index; cash appreciation of 5.6%; and sovereign bond A sovereign bond is a bond issued by a national government. Bonds issued by national governments in the country's own currency are also referred as government bonds.  performance of -0.9%.

"Captives should try to move away from cash, because it gives such a low return," he said. Investing in equities allows captives to "keep up with the insurance market."
COPYRIGHT 2000 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Comment:Diversify Cash Investments, Fund Manager Advises.
Publication:Best's Review
Article Type:Brief Article
Geographic Code:1USA
Date:Mar 1, 2000
Words:85
Previous Article:Risk Retention, Capitalization Pose Hazards for Captives.
Next Article:Lloyd's Is Preparing to Open Market to Outside Brokers.
Topics:



Related Articles
Need advice on how to add value in the '90s?
Corporate Profile for Frank Russell Co., dated July 11, 1997.
10 Commandments of mutual fund investing.
Letters.
A case for diversifying.
Pilgrim Baxter Launches PBHG Clipper Focus, PBHG New Perspective and PBHG REIT Funds.
Spreading the risk. (Mutual Funds).
AEW Real Estate Income Fund as of December 31, 2003.
The Managers Funds LLC Names Wellington Management Company, LLP as a Subadvisor to Managers International Equity Fund.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles