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Bangkok firm offering online dealing in traded life policies

Bangkok financial services firm Water-mark Capital Management is setting up a platform that allows firms and experienced investors to buy traded life policies online. is an execution-only platform that allows online trading in TLPs and access to real time fund prices and information on products and the market. The site also includes an income calculator that shows how income can be derived from an investment in the traded life policy fund.

The site offers investment in a portfolio of US policies selected and run by UK marketmaker Shepherds.

Traditionally a US-based product, TLPs are second hand life insurance policies sold by the existing policyholder to a specialist company which builds up a portfolio of policies bought at a discounted price.

The Shepherds fund achieved a return of 8.98 per cent in its first year, which ended in August 2003, just short of its stated target performance of 9 per cent to 12 per cent. chief executive Malcolm Scorer says: “A capital guarantee and returns targeted around 12 per cent make traded life policies an extremely useful investment vehicle as part of any balanced portfolio. This new service gives investors quick, efficient access to TLP funds.”


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