Volume 1, Issue 8 7th August 1998

Thinking about starting a PEP?  Here’s what the Independent on Sunday said recently.

“The PEP market is well established and (as time runs out for investors) increasingly competitive. Investors who are short of time and want low charges can buy over the internet.

netPEP, which can only be bought on-line, sets low charges.  netPEP is a tracker fund, and sets out to match the FT-SE 100 index to within 0.4 per cent.  The fund, which is run by Barclays Global Investors, offers the usual features, including monthly or lump sum investments.”  The Independent on Sunday 2nd August 1998

Whilst it is generally recognised that Tracker Funds have performed very well, we are delighted to report that netPEP is placed 9th out of over 150 funds in the UK Growth and Income sector over 1 year to 23rd July 1998 ahead of Richard Branson’s Virgin Direct. Source: Standard & Poor’s Micropal

Actively managed funds in the same sector still struggle to justify their high charges.   Only 5 funds in this sector managed to beat the FTSE 100 Index.

If you have any questions please email richardc@netpep.co.uk.   Alternatively visit http://www.netpep.co.uk to get more information or if you want to apply for a PEP.
This document is issued by MBO Advisory Partners who are regulated by the SFA. Any opinions expressed herein reflect best judgment and information at the time of writing and are subject to change without notice. Reference(s) to any investment(s) in this document is/are not an offer or solicitation to buy or sell by MBO Advisory Partners or any named contributors to this document. Remember the price of units and the income from them can go down as well as up and you may not get back your original investment. Past performance is not a guide to future performance. PEP and ISA tax reliefs may change in the future and their value will depend on your individual circumstances.
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