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ABN Amro lifecycle funds for UK

ABN Amro Asset Management is offering a range of its capital-protected lifecycle funds into the UK.

The six funds, which have been available in Canada and Europe since 2000, each have a predetermined lifespan and look to help investors save for a particular life event.

The Luxemburg-domiciled funds will invest predominantly in equities in the early years of the product before gradually migrating into bonds and cash to reduce risk as the product approaches maturity.

The funds are designed to deliver a guaranteed amount at maturity, which can rise as any capital gains are locked in at the end of a month, raising the guaranteed amount.

ABN Amro director of UK insurance John Townley says: “The big difference with traditional lifecycle funds is that we offer an explicit guarantee and lock in all the investment gains. Throughout the investment period, the product will at least return the guaranteed value.”

“The consumer gets a flexible solution to financial planning. The total expense ratio will be capped at 1.8 per cent, which includes all taxes and charges.”

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