Swisscanto aims to capitalise on the sustainable development of emerging market companies through the planned launch of a new fund.

The Swiss-based firm is planning to launch the Swisscanto (LU) Equity Fund Green Invest Emerging Markets fund in late August. Managed by Gerhard Wagner, the fund will invest in companies which contribute to and stand to benefit from the ethical and ecological development of emerging market countries.

The fund will target ecological companies which specialise in sustainable energy and water supply alongside companies which aim to increase efficiency in agriculture, forestry and the use of resources. Wagner can also invest in social welfare companies involved in education and healthcare.

Halifax has announced that one of their specialist divisions, The Mortgage Business, is to close to new customers on the 22nd August 2008. This residential lender has become the latest victim of the credit crunch as Halifax look to recoup its losses and “streamline” its businesses. In other words, reduce the payroll and loose over 300 jobs.

My firm had an excellent relationship with The Mortgage Business and its staff and we would like to wish all those staff leaving the very best of success in whatever new venture the persue.

TMB tended to specialise in buy-to-let and self-certification mortgages. Customers with an existing TMB mortgage would be unaffected by the changes, HBOS said.