View more on these topics

Investec launches Lux version of multi-asset protector fund

Investec Asset Management has brought out a Luxemburg version of its multi asset protector fund.

The Investec GSF multi-asset protector fund is run on a fund of funds basis by the same portfolio managers as the UK Oeic, established in January 2009. Co-portfolio managers Philip Saunders and Max King will use a similar investment process but the offshore fund will have a bias towards US dollars.

Saunders has over 29 years’ investment experience. He was a founding director of Guinness Flight Global Asset Management, acquired by Investec in 1998. King has 26 years’ investment experience and has worked for JO Hambro Capital Management, Finsbury Asset Management and LF Rothschild.

Saunders and King will invest across equities, bonds, commodities, currencies, alternatives and cash, mainly through other funds managed by Investec. It can also invest in funds managed by other firms, but only if they bring something to the portfolio that is not available through Investec’s own funds. Exchange traded funds and other tracker funds can be used.

Asset allocation will move been the multi-asset investments and cash as market conditions change. In rising markets, the fund will have greater exposure to the multi-asset portfolio and will move more in to cash when markets fall. The fund also has a protection feature, which works through a derivatives contract that acts like an insurance policy, so that the fund should always be at least 80 per cent of its highest share price in US dollars.

This fund provides cautious investors with three defensive layers – the multi-asset fund of funds approach rather than pure equity exposure, the dynamic asset allocation between the multi-asset portfolio and cash, plus the 80 per cent protected price feature.

However, protection does not come cheap. Investors are charged 0.15 to 0.5 per cent for the protected price feature on top of a 1.6 per cent annual management charge and 0.3 per cent administration charge.



A closer look at Hector Sants’ RDR estimates

Speaking before Christmas at an event organised by PanaceaIFA, Treasury select committee member Mark Garnier told assembled IFAs the committee was a rather dull bunch, reliant on data and facts to reach their collective conclusions. Garnier was impressing on advisers the need to back up their emotional views on the RDR with evidence of the […]


Shapps’ call sparks fears at Government house price control

Mortgage brokers are wary about the controls that could be used by the Government to try to bring about housing market stability. Earlier this week, housing minister Grant Shapps told The Observer he wants a period of “house price stability”, where prices rise below the rate of earnings to make property more affordable, especially for […]

Standard extends offer period for Focus shareholders

Standard Life has extended the offer period for its £42m acquisition of Focus Solutions Group until January 14. In a recent stock exchange announcement Standard Life says that as at December 31, 2010, the closing date of the Focus offer, valid acceptances had been received for approximately 83 per cent of Focus’ existing issued share […]


Housing minister pledges to remove barriers for self-builders

Housing minister Grant Shapps has pledged to remove the barriers and red tape stopping aspiring self-builders from building their own property. Shapps plans to address issues with the planning system, regulatory burdens and a lack of access to land and finance to enable people to more easily build their own home. A new community right […]

Tax avoidance (the fight goes on)

In recent times, we have witnessed high-profile celebrities and sports stars make the headlines for potential tax liabilities on ‘failed’ tax avoidance schemes. We are now used to reading about these individuals, but what about those who advise on such schemes? Read more


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm