View more on these topics

Canada Life enters onshore bond market

Canada Life has moved into the market for onshore unit-linked bonds with the introduction of the select investment bond.

This bond provides investors with a choice of 40 internally and externally managed funds under the open architecture option, plus three manager of manager portfolio funds run by the Dutch bank Insinger de Beaufort.

The open architecture option is designed for investors who want to make their own investment decisions or who want to pass this responsibility to an IFA. Up to 10 funds can be selected at any one time, from fund management groups such as Fidelity and Threadneedle.

The manager of manager portfolio funds provide portfolios that are tailored towards the risk profile of investors. The international managed portfolio has the highest risk and is benchmarked against the MSCI world index. The balanced managed portfolio fund is a medium-risk fund and unlike the international managed portfolio fund, it has exposure to bonds. The investment split is 80 per cent equities and 20 per cent bonds. The cautious managed portfolio fund has the lowest risk of the three funds and its investment split is 40per cent equities and 60 per cent bonds.

In some respects, the bond is similar to the Cazenove universal investment bond, which provides access to four manager of manager portfolios. However, the Cazenove product has a higher minimum investment of £50,000, compared with Canada Life’s minimum of £5,000. Canada Life’s open architecture option also allows investors to construct their own portfolios, which the Cazenove product does not.

Recommended

Honesty is best policy

The split-capital investment trust industry is in crisis. The reputation of what was once a growing and successful sector has been battered by the behaviour of some of its leading firms which has led to the impoverishment of up to 50,000 investors.The familiar refrain that markets can go down as well as up does not […]

&#3950,000 lost split cash as IFAs did not know risks&#39

Up to 50,000 investors have lost money through the collapse of split-cap investment trusts because most IFAs were una-ware of the risks involved, according to Labour MP and chairman of the Treasury select committee John McFall.Writing in this week&#39s Money Marketing, McFall attacks some of the “leading firms” involved in marketing the trusts for refusing […]

Norwich Union – Prosper Bond Issue 4

Friday, 8 November 2002 Type: Guaranteed equity bond Aim: Growth linked to the performance of FTSE 100 index Minimum-maximum investment: £3,500-no maximum Term: 5 years Guarantee: Original capital returned in full regardless of movements in index Return: Up to 62.5% growth Closing date: December 27, 2002 Commission: Initial 3.5% Tel: 0845 9444800

The Equitable Life crisis

Open letter to Ruth Kelly, Financial Secretary to the Treasury I was concerned to read newspaper reports that the Treasury may not have been co-operating fully with the investigation of the Parliamentary Ombudsman into matters at Equitable Life.The Treasury must be open and honest about its role in the Equitable Life crises.If Treasury ministers were […]

Brexit & the mid cap buying opportunities

By Mark Martin, Head of UK Equities at Neptune  Amid the market volatility in the lead-up to the Brexit referendum, there are buying opportunities for the prudent investor, explains Mark Martin. Click here for full article Important Information: Investment risks This fund may have a high volatility rating and past performance is not a guide […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment