London, January 28 2002: The Financial Times is launching a new supplement for the fund management industry on Monday February 4. The new weekly tabloid supplement, called FT fund management (FTfm) will be distributed with the FT, and will be the world's largest circulation fund management title, offering one of the most comprehensive pricing services for funds.
FTfm builds on the FT's already extensive coverage of the sector and will cover a wide variety of industry news, analysis and trends, interviews with high profile fund managers and investors, opinion pieces and fund performance reviews. FTfm will also carry the full listings of the managed funds, which currently appear daily in the FT.
Commenting on the launch of the new supplement, Andrew Gowers, Financial Times editor, said, ?The FT has always offered the most comprehensive coverage of this industry and we know our readers would like to receive more in-depth information on this subject. As the spotlight grows on fund management and the performance of funds, a supplement such as FTfm will provide readers with essential insight and analysis of fund management and the people behind it.?
Simon Targett, formerly the FT's investment correspondent, is the editor of FTfm.
The title will be available in each of the UK, European and Asian FT editions, and available by subscription in the US. It will have an initial circulation of approx. 370,000 copies.
Earlier this month, the FT launched FT Fund Ratings (www.ft.com/fundratings), a new online service designed to help investors compare and understand more about funds. These ratings will now also appear in FTfm.
Notes to editors:
The Financial Times Group, one of the world's leading business information companies, aims to provide a broad range of business information and services to the growing audience of internationally minded business people. The FT Group includes:
1. The Financial Times, one of the world's leading business newspapers, which is recognised internationally for its authority, integrity and accuracy. Providing extensive news, comment and analysis, the newspaper is printed in 18 cities across the globe, has a daily circulation of over 500,000 and a readership of more than 1.6million people worldwide.
2. FT.com, the newspaper's internet partner, which combines agenda-setting editorial with relevant financial data and discussion groups, as well as a broad range of business tools including the largest search function on the internet. FT.com has more than 48 million monthly page views and 2.4 million unique monthly visitors.
3. The FT Group's pan-European network of national business newspapers and online services including France's leading business newspaper and website, Les Echos and lesechos.fr, and Spain's leading business newspaper and website, Expansion and expansiondirecto.es. In February 2000, the FT launched a new German language newspaper, FT Deutschland, with a fully integrated online business news and data service.
4. Through FT Interactive Data, the FT Group is one of the world's leading sources of securities pricing and specialist financial information to global institutional, professional and individual investors. Its products include eSignal, an online realtime streaming quotation service for brokers and active traders.
5. FT Business which produces specialist information on the retail, personal and institutional finance industries. It publishes the UK's premier personal finance magazine, Investors Chronicle, and The Banker, Money Management and Financial Adviser for professional advisers.
6. The Financial Times Group also has a stake in a number of joint ventures, including;
· FTSE International, a joint venture with the London Stock Exchange.
· Vedomosti, Russia's leading business newspaper and a partnership venture with Dow Jones and Independent Media
· A 50% stake in BDFM, publishers of South Africa's leading financial newspapers and websites.
· A 50% stake in The Economist Group, which publishes the world's leading weekly business and current affairs journal.
The FT Group is part of Pearson plc, the international media group.
Anoushka Healy on 020 7873 3720 or Alice Owen on 020 7873 3829.