Legal Note
Sunday 5 November 2006
The Important Information will be periodically updated.
Murray Round Wealth Management Limited is regulated by the FSA http://www.fsa.gov.uk and subscribes to the Financial Ombudsman Service http://www.financial-ombudsman.org.uk.
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In accessing this site, it is your responsibility to comply with applicable local, national and international laws. Past performance is not necessarily a guide to future performance. The value of investments and the income from them may go down as well as up and investors may not get back the amount originally invested. Exchange rate changes may cause the value of overseas investments to rise or fall. The levels and bases of and reliefs from taxation may change.
You acknowledge that all intellectual property rights in the content contained in murrayround.co.uk belongs to or is licensed to Murray Round Wealth Management Limited. Murray Round Wealth Management Limited grants you a limited license to access particular items of Material from a single personal computer and to print a hard copy of such items of Material solely for your personal, non-commercial use. This license is granted subject to the following additional conditions: You leave all copyright, trade mark and other proprietary notices intact. You are permitted to store, display, analyse, modify, reformat, and print the information made available to you via this service only for your own use. You are not permitted to publish, transmit, or otherwise reproduce this information, in whole or in part, in any format to any third party without the express written consent of Murray Round Wealth Management Limited. In addition, you are not permitted to alter, obscure, or remove any copyright, trademark or any other notices that are provided to you in connection with the information. Murray Round Wealth Management Limited reserves the right, at any time and from time to time, in the interests of its own editorial discretion and business judgment to add, modify, or remove any of the information.
Murray Round Wealth Management Limited shall not have any responsibility to maintain the data and services made available on this Web site or to supply any corrections, updates, or releases in connection therewith. Availability of data and services are subject to change without notice. All reasonable endeavours have been taken to ensure that the information published by Murray Round Wealth Management Limited is accurate or up to date. However we do not warrant that the information is accurate or complete.
This material has been prepared for informational purposes only without regard to any particular user's investment objectives, financial situation, or means, and Murray Round Wealth Management Limited is not soliciting any action based upon it. This material is not to be construed as a recommendation; or the solicitation of an offer to buy or sell any security or financial product.
You should not enter into any transactions unless you have fully understood all such risks and have independently determined that such transactions are appropriate for you nor make this service the primary basis for any investment decisions made by or on behalf of you, your accountants, or your managed or fiduciary accounts, and you may want to consult your business advisor, attorney, and tax and accounting advisors concerning any contemplated transactions.
This service may provide links to certain Internet sites maintained by third parties. Murray Round Wealth Management Limited is providing such links solely as a convenience to you. Accordingly, Murray Round Wealth Management Limited makes no representations concerning the content of the Sites. The fact that Murray Round Wealth Management Limited has provided a link to the Site does not constitute an endorsement, authorisation, sponsorship, or affiliation by Murray Round Wealth Management Limited with respect to the Site, its owners, or its providers. Murray Round Wealth Management Limited has not tested any information, software, or products found on any of the Sites and therefore does not make any representations with respect thereto, including any representations regarding the content or sponsors of the Site, or the suitability or appropriateness of the products or transactions described therein.
Tax concessions are subject to statutory change. All information is based on Murray Round Wealth Management Limited understanding of present financial and tax legislation.
If you require help or more information about our services, you can reach us using the appropriate method below.
Head Office: 2 Claremont Bank Shrewsbury Shropshire SY1 1RW
Telephone: (01743) 248108 Fax: (01743) 231156 International: 44 1743 248108
email: service@murrayround.co.uk
posted by Murray Round Wealth Management @ 10:25,
Active Fund Management
Saturday 4 November 2006
Active management (also called active investing) refers to a portfolio management strategy where the manager makes specific investments with the goal of outperforming a benchmark index.
Ideally, the manager exploits market inefficiencies by purchasing securities that are undervalued, and/or (less frequently), short selling securities that are overvalued. Depending on the goals of the specific investment portfolio or mutual fund, active management may also strive to achieve a goal of less volatility or risk than the benchmark index instead of, or in addition to, greater long-term return.
Active management is the opposite of passive management, where the manager does not seek to outperform the benchmark index.
Active portfolio managers may use a variety of factors and strategies to construct their portfolio. These include quantitative measures such as P/E ratios, sector bets that attempt to anticipate long-term macroeconomic trends (such as a focus on energy or housing stocks), and purchasing stocks of companies that are temporarily out-of-favour or selling at a discount to their intrinsic value. Some actively managed funds also pursue strategies such as merger arbitrage, short positions, option writing, and asset allocation.
The effectiveness of an actively-managed investment portfolio obviously depends on the skill of the manager and research staff. In reality, the majority of actively managed collective investment schemes rarely outperform their index counterparts over long periods of time, assuming that they are benchmarked correctly.
Categories: FAQs
posted by Murray Round Wealth Management @ 14:48,
The Authors
Nicholas Round
Nic is the Managing Director of Murray Round Wealth Management Limited, who seeks to ensure the advice provided is truly independent. Based in Shropshire with clients local, national and worldwide, Nic has strived to find the best possible service for his clients needs, by researching and studying the market, trends and philosophies. Nic strongly believes Asset Class Management will bring his clients Financial Freedom, Independence and Happiness.
Kirsty
Kirsty is our communication guru. Managing information requires considerable due diligence and her passion for organisation gives the clarity we all seek. From Shropshire, with a Psychology Degree and much travelling, she is now back in Shrewsbury...and London often, keeping us all at Murray Round focused.
Welcome to our Blog
Our Blog focuses on the three Ts...truth, transparency and trust. The world of investment management is fraught with self interested parties keen to sell investment products but wrapped up as 'advice'. Only with totally transparency, can investors make informed and successful decisions. We have included various categories for simpler navigation, alternatively search our Blog using key words you think are relevant. We hope you find something of interest to you.
Contact Us
We welcome your enquiry to us. Simply click on Contact Us' link at the top of the page. You may also email us at service@murrayround.co.uk or telephone 01743 248108.
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