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Buckles may track Snowdonia

Buckles is considering launching a range of structured products to track the same benchmarks as its multi-manager Snowdonia Oeic range.

The firms says its plans are at a very early stage but it is looking for a bank to provide capital protection for the products.

If the structured products get off the ground, the balanced product will track the Snowdonia balanced fund’s composite benchmark comprising 60 per cent FTSE All Share, 20 per cent FTSE All Stocks and 20 per cent MSCI World ex UK indices.

The growth structured product will track Snowdonia growth’s benchmark of 35 per cent FTSE All-Share, 45 per cent MSCI World ex-UK Index and 20 per cent MSCI Emerging Markets indices. The income structured product will track Snowdonia income’s benchmark of 50 per cent FTSE All Share and 50 per cent FTSE All Stocks while the Snow-donia property fund FTSE EPRA Europe index may be used for a property product.

Business director of the Snowdonia fund Rick Eling says: “I am not a big fan of structured products, I would not invest my own money in them but a lot of investors like capital protection. It is all about giving investors the choice.

“I do not see why investors cannot have one of the Oeics and one of the structured products in their portfolios.

“We are looking to have a five-year lock-up, guaranteed downside minimum protection and 160-190 per cent of the upside, depending on how we can price the products.”


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